Correlation Between Cyren and Repay Holdings

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

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

Diversification Opportunities for Cyren and Repay Holdings

0.0

Correlation Coefficient

Cyren  Repay Holdings

Pay attention - limited upside

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

Pair Corralation between Cyren and Repay Holdings

If you would invest (100.00) in Cyren on December 20, 2024 and sell it today you would earn a total of  100.00  from holding Cyren or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Cyren  vs.  Repay Holdings Corp

Cyren

Risk-Adjusted Performance

Very Weak

Over the last 90 days Cyren has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, Cyren is not utilizing all of its potentials. The newest stock price agitation, may contribute to short-term losses for the retail investors.

Repay Holdings Corp

Risk-Adjusted Performance

Very Weak

Over the last 90 days Repay Holdings Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in April 2025. The current disturbance may also be a sign of long term up-swing for the company investors.

Pair Trading with Cyren and Repay Holdings

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

The idea behind Cyren and Repay Holdings 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.