Correlation Between Sabre Insurance and AFRICAN MEDIA
Can any of the company-specific risk be diversified away by investing in both Sabre Insurance and AFRICAN MEDIA 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 Sabre Insurance and AFRICAN MEDIA into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Sabre Insurance Group and AFRICAN MEDIA ENT, you can compare the effects of market volatilities on Sabre Insurance and AFRICAN MEDIA 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 Sabre Insurance with a short position of AFRICAN MEDIA. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sabre Insurance and AFRICAN MEDIA.
Diversification Opportunities for Sabre Insurance and AFRICAN MEDIA
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Sabre and AFRICAN is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Sabre Insurance Group and AFRICAN MEDIA ENT in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AFRICAN MEDIA ENT and Sabre Insurance 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 Sabre Insurance Group are associated (or correlated) with AFRICAN MEDIA. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AFRICAN MEDIA ENT has no effect on the direction of Sabre Insurance i.e., Sabre Insurance and AFRICAN MEDIA go up and down completely randomly.
Pair Corralation between Sabre Insurance and AFRICAN MEDIA
If you would invest 131.00 in AFRICAN MEDIA ENT on September 10, 2025 and sell it today you would earn a total of 0.00 from holding AFRICAN MEDIA ENT or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Sabre Insurance Group vs. AFRICAN MEDIA ENT
Performance |
| Timeline |
| Sabre Insurance Group |
| AFRICAN MEDIA ENT |
Sabre Insurance and AFRICAN MEDIA Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Sabre Insurance and AFRICAN MEDIA
The main advantage of trading using opposite Sabre Insurance and AFRICAN MEDIA positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Sabre Insurance position performs unexpectedly, AFRICAN MEDIA 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 AFRICAN MEDIA will offset losses from the drop in AFRICAN MEDIA's long position.| Sabre Insurance vs. Arthur J Gallagher | Sabre Insurance vs. Willis Towers Watson | Sabre Insurance vs. Brown Brown |
| AFRICAN MEDIA vs. REINET INVESTMENTS SCA | AFRICAN MEDIA vs. CITY OFFICE REIT | AFRICAN MEDIA vs. Odyssean Investment Trust | AFRICAN MEDIA vs. MGIC 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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