Correlation Between Lindblad Expeditions and Core Scientific,

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

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

Diversification Opportunities for Lindblad Expeditions and Core Scientific,

0.49

Correlation Coefficient

Lindblad Expeditions  Core Scientific,

Very weak diversification

The 3 months correlation between Lindblad and Core is 0.49. Overlapping area represents the amount of risk that can be diversified away by holding Lindblad Expeditions Holdings and Core Scientific, Common in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Core Scientific, Common and Lindblad Expeditions 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 Lindblad Expeditions Holdings are associated (or correlated) with Core Scientific,. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Core Scientific, Common has no effect on the direction of Lindblad Expeditions i.e., Lindblad Expeditions and Core Scientific, go up and down completely randomly.

Pair Corralation between Lindblad Expeditions and Core Scientific,

Given the investment horizon of 90 days Lindblad Expeditions Holdings is expected to generate 0.55 times more return on investment than Core Scientific,. However, Lindblad Expeditions Holdings is 1.81 times less risky than Core Scientific,. It trades about -0.07 of its potential returns per unit of risk. Core Scientific, Common is currently generating about -0.11 per unit of risk. If you would invest  1,228  in Lindblad Expeditions Holdings on December 26, 2024 and sell it today you would lose (189.00) from holding Lindblad Expeditions Holdings or give up 15.39% of portfolio value over 90 days.

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

Lindblad Expeditions Holdings  vs.  Core Scientific, Common

Lindblad Expeditions

Risk-Adjusted Performance

Very Weak

Over the last 90 days Lindblad Expeditions Holdings 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 rather sound which may send shares a bit higher in April 2025. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders.

Core Scientific, Common

Risk-Adjusted Performance

Very Weak

Over the last 90 days Core Scientific, Common has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of conflicting 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 Lindblad Expeditions and Core Scientific,

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

The idea behind Lindblad Expeditions Holdings and Core Scientific, Common 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.