Correlation Between Netcall Plc and Pensionbee Group

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

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

Diversification Opportunities for Netcall Plc and Pensionbee Group

0.0

Correlation Coefficient

Netcall Plc  Pensionbee Group

Pay attention - limited upside

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

Pair Corralation between Netcall Plc and Pensionbee Group

If you would invest  15,150  in Pensionbee Group PLC on April 24, 2025 and sell it today you would earn a total of  1,900  from holding Pensionbee Group PLC or generate 12.54% return on investment over 90 days.

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

Netcall plc  vs.  Pensionbee Group PLC

Netcall plc

Risk-Adjusted Performance

Weak

Over the last 90 days Netcall plc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound technical and fundamental indicators, Netcall Plc is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

Pensionbee Group PLC

Risk-Adjusted Performance

OK

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

Pair Trading with Netcall Plc and Pensionbee Group

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

The idea behind Netcall plc and Pensionbee Group PLC 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..