Correlation Between Kadestone Capital and Sinolink Worldwide

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

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

Diversification Opportunities for Kadestone Capital and Sinolink Worldwide

0.0

Correlation Coefficient

Kadestone Capital  Sinolink Worldwide

Pay attention - limited upside

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

Pair Corralation between Kadestone Capital and Sinolink Worldwide

If you would invest  50.00  in Kadestone Capital Corp on August 21, 2025 and sell it today you would earn a total of  17.00  from holding Kadestone Capital Corp or generate 34.0% return on investment over 90 days.

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

Kadestone Capital Corp  vs.  Sinolink Worldwide Holdings

Kadestone Capital Corp

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Kadestone Capital Corp are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak fundamental indicators, Kadestone Capital reported solid returns over the last few months and may actually be approaching a breakup point.

Sinolink Worldwide

Risk-Adjusted Performance

Weakest

Over the last 90 days Sinolink Worldwide Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable forward-looking signals, Sinolink Worldwide is not utilizing all of its potentials. The recent stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with Kadestone Capital and Sinolink Worldwide

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

The idea behind Kadestone Capital Corp and Sinolink Worldwide Holdings 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.