Correlation Between Sturm Ruger and LogicMark

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

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

Diversification Opportunities for Sturm Ruger and LogicMark

0.62

Correlation Coefficient

Sturm Ruger  LogicMark

Poor diversification

The 3 months correlation between Sturm and LogicMark is 0.62. Overlapping area represents the amount of risk that can be diversified away by holding Sturm Ruger and LogicMark in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LogicMark and Sturm Ruger 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 Sturm Ruger are associated (or correlated) with LogicMark. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LogicMark has no effect on the direction of Sturm Ruger i.e., Sturm Ruger and LogicMark go up and down completely randomly.

Pair Corralation between Sturm Ruger and LogicMark

Considering the 90-day investment horizon Sturm Ruger is expected to generate 0.36 times more return on investment than LogicMark. However, Sturm Ruger is 2.81 times less risky than LogicMark. It trades about -0.07 of its potential returns per unit of risk. LogicMark is currently generating about -0.11 per unit of risk. If you would invest  3,503  in Sturm Ruger on August 26, 2025 and sell it today you would lose (561.00) from holding Sturm Ruger or give up 16.01% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	76.56%
Values	Daily Returns

Sturm Ruger  vs.  LogicMark

Sturm Ruger

Risk-Adjusted Performance

Weakest

Over the last 90 days Sturm Ruger has generated negative risk-adjusted returns adding no value to investors with long positions. Even with inconsistent performance in the last few months, the Stock's technical and fundamental indicators remain relatively invariable which may send shares a bit higher in December 2025. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

LogicMark

Risk-Adjusted Performance

Weakest

Over the last 90 days LogicMark has generated negative risk-adjusted returns adding no value to investors with long positions. Despite uncertain performance in the last few months, the Stock's primary 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 Sturm Ruger and LogicMark

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

The idea behind Sturm Ruger and LogicMark 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.