Correlation Between Sunrise Group and AptarGroup
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By analyzing existing cross correlation between Sunrise Group Co and AptarGroup, you can compare the effects of market volatilities on Sunrise Group and AptarGroup 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 Sunrise Group with a short position of AptarGroup. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sunrise Group and AptarGroup.
Diversification Opportunities for Sunrise Group and AptarGroup
-0.71 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Sunrise and AptarGroup is -0.71. Overlapping area represents the amount of risk that can be diversified away by holding Sunrise Group Co and AptarGroup in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AptarGroup and Sunrise Group 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 Sunrise Group Co are associated (or correlated) with AptarGroup. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AptarGroup has no effect on the direction of Sunrise Group i.e., Sunrise Group and AptarGroup go up and down completely randomly.
Pair Corralation between Sunrise Group and AptarGroup
Assuming the 90 days trading horizon Sunrise Group Co is expected to generate 1.78 times more return on investment than AptarGroup. However, Sunrise Group is 1.78 times more volatile than AptarGroup. It trades about 0.08 of its potential returns per unit of risk. AptarGroup is currently generating about -0.16 per unit of risk. If you would invest 573.00 in Sunrise Group Co on August 27, 2025 and sell it today you would earn a total of 52.00 from holding Sunrise Group Co or generate 9.08% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 92.06% |
| Values | Daily Returns |
Sunrise Group Co vs. AptarGroup
Performance |
| Timeline |
| Sunrise Group |
| AptarGroup |
Sunrise Group and AptarGroup Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Sunrise Group and AptarGroup
The main advantage of trading using opposite Sunrise Group and AptarGroup positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Sunrise Group position performs unexpectedly, AptarGroup 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 AptarGroup will offset losses from the drop in AptarGroup's long position.| Sunrise Group vs. Jason Furniture | Sunrise Group vs. Zijin Mining Group | Sunrise Group vs. Beijing Kingsoft Office | Sunrise Group vs. Guangzhou Shangpin Home |
| AptarGroup vs. CleanTech Lithium Plc | AptarGroup vs. World Houseware Limited | AptarGroup vs. Hawaiian Hospitality Group | AptarGroup vs. Eternal Hospitality Group |
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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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