Correlation Between Logismos Information and Elastron

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

By analyzing existing cross correlation between Logismos Information Systems and Elastron SA , you can compare the effects of market volatilities on Logismos Information and Elastron 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 Logismos Information with a short position of Elastron. Check out your portfolio center. Please also check ongoing floating volatility patterns of Logismos Information and Elastron.

Diversification Opportunities for Logismos Information and Elastron

0.0

Correlation Coefficient

Logismos Information  Elastron

Pay attention - limited upside

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

Pair Corralation between Logismos Information and Elastron

If you would invest  158.00  in Logismos Information Systems on April 23, 2025 and sell it today you would earn a total of  12.00  from holding Logismos Information Systems or generate 7.59% return on investment over 90 days.

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

Logismos Information Systems  vs.  Elastron SA

Logismos Information

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Logismos Information Systems are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of very uncertain basic indicators, Logismos Information may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Elastron SA

Risk-Adjusted Performance

OK

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

Pair Trading with Logismos Information and Elastron

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

The idea behind Logismos Information Systems and Elastron SA 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.