Correlation Between OneSpan and Riskified

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

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

Diversification Opportunities for OneSpan and Riskified

-0.32

Correlation Coefficient

OneSpan  Riskified

Very good diversification

The 3 months correlation between OneSpan and Riskified is -0.32. Overlapping area represents the amount of risk that can be diversified away by holding OneSpan and Riskified in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Riskified and OneSpan 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 OneSpan are associated (or correlated) with Riskified. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Riskified has no effect on the direction of OneSpan i.e., OneSpan and Riskified go up and down completely randomly.

Pair Corralation between OneSpan and Riskified

Given the investment horizon of 90 days OneSpan is expected to under-perform the Riskified. In addition to that, OneSpan is 1.8 times more volatile than Riskified. It trades about -0.06 of its total potential returns per unit of risk. Riskified is currently generating about 0.04 per unit of volatility. If you would invest  477.00  in Riskified on September 9, 2025 and sell it today you would earn a total of  21.00  from holding Riskified or generate 4.4% return on investment over 90 days.

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

OneSpan  vs.  Riskified

OneSpan

Risk-Adjusted Performance

Weakest

Over the last 90 days OneSpan has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of uncertain performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in January 2026. The recent disarray may also be a sign of long period up-swing for the firm investors.

Riskified

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Riskified are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound forward-looking signals, Riskified is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Trading with OneSpan and Riskified

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

The idea behind OneSpan and Riskified 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.