Correlation Between Materialise and Satellogic

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

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

Diversification Opportunities for Materialise and Satellogic

-0.52

Correlation Coefficient

Materialise  Satellogic

Excellent diversification

The 3 months correlation between Materialise and Satellogic is -0.52. Overlapping area represents the amount of risk that can be diversified away by holding Materialise NV and Satellogic V in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Satellogic V and Materialise 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 Materialise NV are associated (or correlated) with Satellogic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Satellogic V has no effect on the direction of Materialise i.e., Materialise and Satellogic go up and down completely randomly.

Pair Corralation between Materialise and Satellogic

Given the investment horizon of 90 days Materialise NV is expected to generate 0.53 times more return on investment than Satellogic. However, Materialise NV is 1.89 times less risky than Satellogic. It trades about 0.11 of its potential returns per unit of risk. Satellogic V is currently generating about -0.15 per unit of risk. If you would invest  495.00  in Materialise NV on September 1, 2025 and sell it today you would earn a total of  108.00  from holding Materialise NV or generate 21.82% return on investment over 90 days.

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

Materialise NV  vs.  Satellogic V

Materialise NV

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Materialise NV are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain essential indicators, Materialise unveiled solid returns over the last few months and may actually be approaching a breakup point.

Satellogic V

Risk-Adjusted Performance

Weakest

Over the last 90 days Satellogic V has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain quite persistent which may send shares a bit higher in December 2025. The latest mess may also be a sign of long-standing up-swing for the company institutional investors.

Pair Trading with Materialise and Satellogic

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

The idea behind Materialise NV and Satellogic V 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.

Check out your portfolio center.

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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.