Correlation Between Sinolink Worldwide and Kadestone Capital

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

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

Diversification Opportunities for Sinolink Worldwide and Kadestone Capital

0.0

Correlation Coefficient

Sinolink Worldwide  Kadestone Capital

Pay attention - limited upside

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

Pair Corralation between Sinolink Worldwide and Kadestone Capital

If you would invest  50.00  in Kadestone Capital Corp on August 26, 2025 and sell it today you would earn a total of  17.00  from holding Kadestone Capital Corp or generate 34.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.54%
Values	Daily Returns

Sinolink Worldwide Holdings  vs.  Kadestone Capital Corp

Sinolink Worldwide

Risk-Adjusted Performance

Weakest

Over the last 90 days Sinolink Worldwide Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable forward-looking signals, Sinolink Worldwide is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Kadestone Capital Corp

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Kadestone Capital Corp are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. Despite nearly inconsistent fundamental indicators, Kadestone Capital reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Sinolink Worldwide and Kadestone Capital

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

The idea behind Sinolink Worldwide Holdings and Kadestone Capital Corp 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.