Correlation Between ITEX Corp and ThreeD Capital

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

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

Diversification Opportunities for ITEX Corp and ThreeD Capital

0.0

Correlation Coefficient

ITEX Corp  ThreeD Capital

Pay attention - limited upside

The 3 months correlation between ITEX and ThreeD is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding ITEX Corp and ThreeD Capital in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ThreeD Capital and ITEX Corp 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 ITEX Corp are associated (or correlated) with ThreeD Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ThreeD Capital has no effect on the direction of ITEX Corp i.e., ITEX Corp and ThreeD Capital go up and down completely randomly.

Pair Corralation between ITEX Corp and ThreeD Capital

If you would invest (100.00) in ThreeD Capital on August 26, 2025 and sell it today you would earn a total of  100.00  from holding ThreeD Capital or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

ITEX Corp  vs.  ThreeD Capital

ITEX Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days ITEX Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest fragile performance, the Stock's technical and fundamental indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the company investors.

ThreeD Capital

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in ThreeD Capital are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak technical and fundamental indicators, ThreeD Capital may actually be approaching a critical reversion point that can send shares even higher in December 2025.

Pair Trading with ITEX Corp and ThreeD Capital

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

The idea behind ITEX Corp and ThreeD Capital 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.