Correlation Between ICOA and Coin Citadel

Can any of the company-specific risk be diversified away by investing in both ICOA and Coin Citadel 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 ICOA and Coin Citadel into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between ICOA Inc and Coin Citadel, you can compare the effects of market volatilities on ICOA and Coin Citadel 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 ICOA with a short position of Coin Citadel. Check out your portfolio center. Please also check ongoing floating volatility patterns of ICOA and Coin Citadel.

Diversification Opportunities for ICOA and Coin Citadel

1.0

Correlation Coefficient

ICOA  Coin Citadel

No risk reduction

The 3 months correlation between ICOA and Coin is 1.0. Overlapping area represents the amount of risk that can be diversified away by holding ICOA Inc and Coin Citadel in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Coin Citadel and ICOA 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 ICOA Inc are associated (or correlated) with Coin Citadel. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coin Citadel has no effect on the direction of ICOA i.e., ICOA and Coin Citadel go up and down completely randomly.

Pair Corralation between ICOA and Coin Citadel

If you would invest  0.01  in Coin Citadel on October 6, 2025 and sell it today you would earn a total of  0.00  from holding Coin Citadel or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Strong
Accuracy	100.0%
Values	Daily Returns

ICOA Inc  vs.  Coin Citadel

ICOA Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days ICOA Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, ICOA is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors.

Coin Citadel

Risk-Adjusted Performance

Weakest

Over the last 90 days Coin Citadel has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent basic indicators, Coin Citadel is not utilizing all of its potentials. The recent stock price mess, may contribute to short-term losses for the institutional investors.

Pair Trading with ICOA and Coin Citadel

The main advantage of trading using opposite ICOA and Coin Citadel positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ICOA position performs unexpectedly, Coin Citadel 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 Coin Citadel will offset losses from the drop in Coin Citadel's long position.

The idea behind ICOA Inc and Coin Citadel 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.