Correlation Between MemeCore and Cosmos

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

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

Diversification Opportunities for MemeCore and Cosmos

-0.57

Correlation Coefficient

MemeCore  Cosmos

Excellent diversification

The 3 months correlation between MemeCore and Cosmos is -0.57. Overlapping area represents the amount of risk that can be diversified away by holding MemeCore and Cosmos in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cosmos and MemeCore 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 MemeCore are associated (or correlated) with Cosmos. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cosmos has no effect on the direction of MemeCore i.e., MemeCore and Cosmos go up and down completely randomly.

Pair Corralation between MemeCore and Cosmos

Given the investment horizon of 90 days MemeCore is expected to generate 28.18 times more return on investment than Cosmos. However, MemeCore is 28.18 times more volatile than Cosmos. It trades about 0.12 of its potential returns per unit of risk. Cosmos is currently generating about -0.11 per unit of risk. If you would invest  0.00  in MemeCore on July 22, 2025 and sell it today you would earn a total of  191.00  from holding MemeCore or generate 9.223372036854776E16% return on investment over 90 days.

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

MemeCore  vs.  Cosmos

MemeCore

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in MemeCore are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, MemeCore exhibited solid returns over the last few months and may actually be approaching a breakup point.

Cosmos

Risk-Adjusted Performance

Weakest

Over the last 90 days Cosmos has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Crypto's fundamental indicators remain rather sound which may send shares a bit higher in November 2025. The latest tumult may also be a sign of longer-term up-swing for Cosmos shareholders.

Pair Trading with MemeCore and Cosmos

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

The idea behind MemeCore and Cosmos 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.