Correlation Between AFC Energy and Fiinu PLC
Can any of the company-specific risk be diversified away by investing in both AFC Energy and Fiinu PLC 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 AFC Energy and Fiinu PLC into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between AFC Energy plc and Fiinu PLC, you can compare the effects of market volatilities on AFC Energy and Fiinu PLC 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 AFC Energy with a short position of Fiinu PLC. Check out your portfolio center. Please also check ongoing floating volatility patterns of AFC Energy and Fiinu PLC.
Diversification Opportunities for AFC Energy and Fiinu PLC
-0.06 | Correlation Coefficient |
Good diversification
The 3 months correlation between AFC and Fiinu is -0.06. Overlapping area represents the amount of risk that can be diversified away by holding AFC Energy plc and Fiinu PLC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Fiinu PLC and AFC Energy 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 AFC Energy plc are associated (or correlated) with Fiinu PLC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fiinu PLC has no effect on the direction of AFC Energy i.e., AFC Energy and Fiinu PLC go up and down completely randomly.
Pair Corralation between AFC Energy and Fiinu PLC
Assuming the 90 days trading horizon AFC Energy plc is expected to generate 0.85 times more return on investment than Fiinu PLC. However, AFC Energy plc is 1.17 times less risky than Fiinu PLC. It trades about 0.08 of its potential returns per unit of risk. Fiinu PLC is currently generating about -0.2 per unit of risk. If you would invest 910.00 in AFC Energy plc on September 7, 2025 and sell it today you would earn a total of 144.00 from holding AFC Energy plc or generate 15.82% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
AFC Energy plc vs. Fiinu PLC
Performance |
| Timeline |
| AFC Energy plc |
| Fiinu PLC |
AFC Energy and Fiinu PLC Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with AFC Energy and Fiinu PLC
The main advantage of trading using opposite AFC Energy and Fiinu PLC positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AFC Energy position performs unexpectedly, Fiinu PLC 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 Fiinu PLC will offset losses from the drop in Fiinu PLC's long position.| AFC Energy vs. Critical Metals Plc | AFC Energy vs. Europa Metals | AFC Energy vs. Metlen Energy Metals | AFC Energy vs. Cornish Metals |
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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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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