Correlation Between Andersons and Afya
Can any of the company-specific risk be diversified away by investing in both Andersons and Afya 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 Andersons and Afya into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between The Andersons and Afya, you can compare the effects of market volatilities on Andersons and Afya 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 Andersons with a short position of Afya. Check out your portfolio center. Please also check ongoing floating volatility patterns of Andersons and Afya.
Diversification Opportunities for Andersons and Afya
Very good diversification
The 3 months correlation between Andersons and Afya is -0.22. Overlapping area represents the amount of risk that can be diversified away by holding The Andersons and Afya in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Afya and Andersons 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 The Andersons are associated (or correlated) with Afya. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Afya has no effect on the direction of Andersons i.e., Andersons and Afya go up and down completely randomly.
Pair Corralation between Andersons and Afya
Given the investment horizon of 90 days The Andersons is expected to generate 1.55 times more return on investment than Afya. However, Andersons is 1.55 times more volatile than Afya. It trades about 0.19 of its potential returns per unit of risk. Afya is currently generating about 0.02 per unit of risk. If you would invest 4,150 in The Andersons on October 9, 2025 and sell it today you would earn a total of 1,070 from holding The Andersons or generate 25.78% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
The Andersons vs. Afya
Performance |
| Timeline |
| Andersons |
| Afya |
Andersons and Afya Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Andersons and Afya
The main advantage of trading using opposite Andersons and Afya positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Andersons position performs unexpectedly, Afya 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 Afya will offset losses from the drop in Afya's long position.| Andersons vs. Tootsie Roll Industries | Andersons vs. J J Snack | Andersons vs. Weis Markets | Andersons vs. Universal Technical Institute |
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 Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Other Complementary Tools
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |