Correlation Between Natcore Technology and Infrared Cameras

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

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

Diversification Opportunities for Natcore Technology and Infrared Cameras

0.0

Correlation Coefficient

Natcore Technology  Infrared Cameras

Pay attention - limited upside

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

Pair Corralation between Natcore Technology and Infrared Cameras

If you would invest  69.00  in Infrared Cameras Holdings on September 10, 2025 and sell it today you would lose (10.00) from holding Infrared Cameras Holdings or give up 14.49% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.44%
Values	Daily Returns

Natcore Technology  vs.  Infrared Cameras Holdings

Natcore Technology

Risk-Adjusted Performance

Weakest

Over the last 90 days Natcore Technology has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Natcore Technology is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders.

Infrared Cameras Holdings

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Infrared Cameras Holdings are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite fairly unsteady basic indicators, Infrared Cameras demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Natcore Technology and Infrared Cameras

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

The idea behind Natcore Technology and Infrared Cameras 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.