Correlation Between Affinity Beverage and VSE
Can any of the company-specific risk be diversified away by investing in both Affinity Beverage and VSE 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 Affinity Beverage and VSE into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Affinity Beverage Group and VSE Corporation, you can compare the effects of market volatilities on Affinity Beverage and VSE 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 Affinity Beverage with a short position of VSE. Check out your portfolio center. Please also check ongoing floating volatility patterns of Affinity Beverage and VSE.
Diversification Opportunities for Affinity Beverage and VSE
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Affinity and VSE is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Affinity Beverage Group and VSE Corp. in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on VSE Corporation and Affinity Beverage 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 Affinity Beverage Group are associated (or correlated) with VSE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of VSE Corporation has no effect on the direction of Affinity Beverage i.e., Affinity Beverage and VSE go up and down completely randomly.
Pair Corralation between Affinity Beverage and VSE
If you would invest 16,462 in VSE Corporation on September 4, 2025 and sell it today you would earn a total of 618.00 from holding VSE Corporation or generate 3.75% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 98.41% |
| Values | Daily Returns |
Affinity Beverage Group vs. VSE Corp.
Performance |
| Timeline |
| Affinity Beverage |
| VSE Corporation |
Affinity Beverage and VSE Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Affinity Beverage and VSE
The main advantage of trading using opposite Affinity Beverage and VSE positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Affinity Beverage position performs unexpectedly, VSE 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 VSE will offset losses from the drop in VSE's long position.| Affinity Beverage vs. Smithfield Foods, Common | Affinity Beverage vs. Dundee Precious Metals | Affinity Beverage vs. ANHEUSER BUSCH INBEV FIN | Affinity Beverage vs. Vulcan International |
| VSE vs. PureTech Health plc | VSE vs. Tekla Healthcare Investors | VSE vs. Hawaiian Hospitality Group | VSE vs. Yooma Wellness |
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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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