Correlation Between Azrieli and Segro Plc
Can any of the company-specific risk be diversified away by investing in both Azrieli and Segro 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 Azrieli and Segro Plc into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Azrieli Group and Segro Plc, you can compare the effects of market volatilities on Azrieli and Segro 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 Azrieli with a short position of Segro Plc. Check out your portfolio center. Please also check ongoing floating volatility patterns of Azrieli and Segro Plc.
Diversification Opportunities for Azrieli and Segro Plc
Very poor diversification
The 3 months correlation between Azrieli and Segro is 0.81. Overlapping area represents the amount of risk that can be diversified away by holding Azrieli Group and Segro Plc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Segro Plc and Azrieli 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 Azrieli Group are associated (or correlated) with Segro Plc. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Segro Plc has no effect on the direction of Azrieli i.e., Azrieli and Segro Plc go up and down completely randomly.
Pair Corralation between Azrieli and Segro Plc
Assuming the 90 days horizon Azrieli is expected to generate 1.83 times less return on investment than Segro Plc. But when comparing it to its historical volatility, Azrieli Group is 1.84 times less risky than Segro Plc. It trades about 0.12 of its potential returns per unit of risk. Segro Plc is currently generating about 0.12 of returns per unit of risk over similar time horizon. If you would invest 818.00 in Segro Plc on September 4, 2025 and sell it today you would earn a total of 132.00 from holding Segro Plc or generate 16.14% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 98.44% |
| Values | Daily Returns |
Azrieli Group vs. Segro Plc
Performance |
| Timeline |
| Azrieli Group |
| Segro Plc |
Azrieli and Segro Plc Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Azrieli and Segro Plc
The main advantage of trading using opposite Azrieli and Segro Plc positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Azrieli position performs unexpectedly, Segro 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 Segro Plc will offset losses from the drop in Segro Plc's long position.| Azrieli vs. Wireless Xcessories Group | Azrieli vs. Porsche Automobile Holding | Azrieli vs. InRetail Per Corp | Azrieli vs. Costco Wholesale Corp |
| Segro Plc vs. Teradata Corp | Segro Plc vs. Storage Computer | Segro Plc vs. Data Evolution Holdings | Segro Plc vs. Lattice Semiconductor |
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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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