Correlation Between Booz Allen and GreenPro Capital
Can any of the company-specific risk be diversified away by investing in both Booz Allen and GreenPro Capital 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 Booz Allen and GreenPro Capital into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Booz Allen Hamilton and GreenPro Capital Corp, you can compare the effects of market volatilities on Booz Allen and GreenPro Capital 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 Booz Allen with a short position of GreenPro Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Booz Allen and GreenPro Capital.
Diversification Opportunities for Booz Allen and GreenPro Capital
0.31 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Booz and GreenPro is 0.31. Overlapping area represents the amount of risk that can be diversified away by holding Booz Allen Hamilton and GreenPro Capital Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GreenPro Capital Corp and Booz Allen 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 Booz Allen Hamilton are associated (or correlated) with GreenPro Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GreenPro Capital Corp has no effect on the direction of Booz Allen i.e., Booz Allen and GreenPro Capital go up and down completely randomly.
Pair Corralation between Booz Allen and GreenPro Capital
Considering the 90-day investment horizon Booz Allen is expected to generate 1.67 times less return on investment than GreenPro Capital. But when comparing it to its historical volatility, Booz Allen Hamilton is 3.78 times less risky than GreenPro Capital. It trades about 0.04 of its potential returns per unit of risk. GreenPro Capital Corp is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest 134.00 in GreenPro Capital Corp on June 11, 2025 and sell it today you would lose (7.00) from holding GreenPro Capital Corp or give up 5.22% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Booz Allen Hamilton vs. GreenPro Capital Corp
Performance |
| Timeline |
| Booz Allen Hamilton |
| GreenPro Capital Corp |
Booz Allen and GreenPro Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Booz Allen and GreenPro Capital
The main advantage of trading using opposite Booz Allen and GreenPro Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Booz Allen position performs unexpectedly, GreenPro Capital 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 GreenPro Capital will offset losses from the drop in GreenPro Capital's long position.| Booz Allen vs. Huron Consulting Group | Booz Allen vs. CRA International | Booz Allen vs. Forrester Research | Booz Allen vs. Exponent |
| GreenPro Capital vs. Resources Connection | GreenPro Capital vs. Huron Consulting Group | GreenPro Capital vs. Equifax | GreenPro Capital vs. Booz Allen Hamilton |
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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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