Correlation Between FOS Capital and Oneview Healthcare

Can any of the company-specific risk be diversified away by investing in both FOS Capital and Oneview Healthcare at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining FOS Capital and Oneview Healthcare into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between FOS Capital and Oneview Healthcare Plc, you can compare the effects of market volatilities on FOS Capital and Oneview Healthcare and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in FOS Capital with a short position of Oneview Healthcare. Check out your portfolio center. Please also check ongoing floating volatility patterns of FOS Capital and Oneview Healthcare.

Diversification Opportunities for FOS Capital and Oneview Healthcare

-0.14

Correlation Coefficient

FOS Capital  Oneview Healthcare

Good diversification

The 3 months correlation between FOS and Oneview is -0.14. Overlapping area represents the amount of risk that can be diversified away by holding FOS Capital and Oneview Healthcare Plc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Oneview Healthcare Plc and FOS Capital is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on FOS Capital are associated (or correlated) with Oneview Healthcare. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Oneview Healthcare Plc has no effect on the direction of FOS Capital i.e., FOS Capital and Oneview Healthcare go up and down completely randomly.

Pair Corralation between FOS Capital and Oneview Healthcare

Assuming the 90 days trading horizon FOS Capital is expected to generate 0.98 times more return on investment than Oneview Healthcare. However, FOS Capital is 1.02 times less risky than Oneview Healthcare. It trades about 0.03 of its potential returns per unit of risk. Oneview Healthcare Plc is currently generating about 0.02 per unit of risk. If you would invest  31.00  in FOS Capital on April 20, 2025 and sell it today you would earn a total of  1.00  from holding FOS Capital or generate 3.23% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

FOS Capital  vs.  Oneview Healthcare Plc

FOS Capital

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in FOS Capital are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, FOS Capital may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Oneview Healthcare Plc

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Oneview Healthcare Plc are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable technical and fundamental indicators, Oneview Healthcare is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with FOS Capital and Oneview Healthcare

The main advantage of trading using opposite FOS Capital and Oneview Healthcare positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FOS Capital position performs unexpectedly, Oneview Healthcare can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Oneview Healthcare will offset losses from the drop in Oneview Healthcare's long position.

The idea behind FOS Capital and Oneview Healthcare Plc pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.