Correlation Between TeraForce Technology and OBOOK Holdings

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

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

Diversification Opportunities for TeraForce Technology and OBOOK Holdings

0.0

Correlation Coefficient

TeraForce Technology  OBOOK Holdings

Pay attention - limited upside

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

Pair Corralation between TeraForce Technology and OBOOK Holdings

If you would invest  0.00  in TeraForce Technology on September 10, 2025 and sell it today you would earn a total of  0.00  from holding TeraForce Technology or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	59.68%
Values	Daily Returns

TeraForce Technology  vs.  OBOOK Holdings Class

TeraForce Technology

Risk-Adjusted Performance

Weakest

Over the last 90 days TeraForce Technology has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, TeraForce Technology is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

OBOOK Holdings Class

Risk-Adjusted Performance

Weakest

Over the last 90 days OBOOK Holdings Class has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Stock's essential indicators remain comparatively stable which may send shares a bit higher in January 2026. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Pair Trading with TeraForce Technology and OBOOK Holdings

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

The idea behind TeraForce Technology and OBOOK Holdings Class 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.

Check out your portfolio center.

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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..