Correlation Between Stratasys and Climb Global

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

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

Diversification Opportunities for Stratasys and Climb Global

0.87

Correlation Coefficient

Stratasys  Climb Global

Very poor diversification

The 3 months correlation between Stratasys and Climb is 0.87. Overlapping area represents the amount of risk that can be diversified away by holding Stratasys and Climb Global Solutions in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Climb Global Solutions and Stratasys 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 Stratasys are associated (or correlated) with Climb Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Climb Global Solutions has no effect on the direction of Stratasys i.e., Stratasys and Climb Global go up and down completely randomly.

Pair Corralation between Stratasys and Climb Global

Given the investment horizon of 90 days Stratasys is expected to generate 1.28 times more return on investment than Climb Global. However, Stratasys is 1.28 times more volatile than Climb Global Solutions. It trades about -0.01 of its potential returns per unit of risk. Climb Global Solutions is currently generating about -0.09 per unit of risk. If you would invest  985.00  in Stratasys on September 11, 2025 and sell it today you would lose (67.00) from holding Stratasys or give up 6.8% of portfolio value over 90 days.

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

Stratasys  vs.  Climb Global Solutions

Stratasys

Risk-Adjusted Performance

Weakest

Over the last 90 days Stratasys has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Stratasys is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors.

Climb Global Solutions

Risk-Adjusted Performance

Weakest

Over the last 90 days Climb Global Solutions has generated negative risk-adjusted returns adding no value to investors with long positions. Despite inconsistent performance in the last few months, the Stock's primary indicators remain somewhat strong which may send shares a bit higher in January 2026. The current disturbance may also be a sign of long term up-swing for the company investors.

Pair Trading with Stratasys and Climb Global

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

The idea behind Stratasys and Climb Global Solutions 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.