Correlation Between AIRTEL AFRICA and SFS REAL
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By analyzing existing cross correlation between AIRTEL AFRICA PLC and SFS REAL ESTATE, you can compare the effects of market volatilities on AIRTEL AFRICA and SFS REAL 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 AIRTEL AFRICA with a short position of SFS REAL. Check out your portfolio center. Please also check ongoing floating volatility patterns of AIRTEL AFRICA and SFS REAL.
Diversification Opportunities for AIRTEL AFRICA and SFS REAL
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between AIRTEL and SFS is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding AIRTEL AFRICA PLC and SFS REAL ESTATE in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SFS REAL ESTATE and AIRTEL AFRICA 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 AIRTEL AFRICA PLC are associated (or correlated) with SFS REAL. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SFS REAL ESTATE has no effect on the direction of AIRTEL AFRICA i.e., AIRTEL AFRICA and SFS REAL go up and down completely randomly.
Pair Corralation between AIRTEL AFRICA and SFS REAL
If you would invest 22,660 in SFS REAL ESTATE on June 4, 2025 and sell it today you would earn a total of 7,495 from holding SFS REAL ESTATE or generate 33.08% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 1.67% |
| Values | Daily Returns |
AIRTEL AFRICA PLC vs. SFS REAL ESTATE
Performance |
| Timeline |
| AIRTEL AFRICA PLC |
Risk-Adjusted Performance
Weakest
Weak | Strong |
| SFS REAL ESTATE |
Risk-Adjusted Performance
Solid
Weak | Strong |
AIRTEL AFRICA and SFS REAL Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with AIRTEL AFRICA and SFS REAL
The main advantage of trading using opposite AIRTEL AFRICA and SFS REAL positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AIRTEL AFRICA position performs unexpectedly, SFS REAL 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 SFS REAL will offset losses from the drop in SFS REAL's long position.| AIRTEL AFRICA vs. UNITED BANK FOR | AIRTEL AFRICA vs. TOTALENERGIES MARKETING NIGERIA | AIRTEL AFRICA vs. AFROMEDIA PLC | AIRTEL AFRICA vs. AXAMANSARD INSURANCE PLC |
| SFS REAL vs. STERLING FINANCIAL HOLDINGS | SFS REAL vs. FIDSON HEALTHCARE PLC | SFS REAL vs. WEMA BANK PLC | SFS REAL vs. BUA FOODS PLC |
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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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