Correlation Between BUA FOODS and SFS REAL
Specify exactly 2 symbols:
By analyzing existing cross correlation between BUA FOODS PLC and SFS REAL ESTATE, you can compare the effects of market volatilities on BUA FOODS 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 BUA FOODS with a short position of SFS REAL. Check out your portfolio center. Please also check ongoing floating volatility patterns of BUA FOODS and SFS REAL.
Diversification Opportunities for BUA FOODS and SFS REAL
Pay attention - limited upside
The 3 months correlation between BUA and SFS is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding BUA FOODS 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 BUA FOODS 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 BUA FOODS 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 BUA FOODS i.e., BUA FOODS and SFS REAL go up and down completely randomly.
Pair Corralation between BUA FOODS and SFS REAL
If you would invest 45,900 in BUA FOODS PLC on June 10, 2025 and sell it today you would earn a total of 13,100 from holding BUA FOODS PLC or generate 28.54% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
BUA FOODS PLC vs. SFS REAL ESTATE
Performance |
| Timeline |
| BUA FOODS PLC |
| SFS REAL ESTATE |
Risk-Adjusted Performance
Weakest
Weak | Strong |
BUA FOODS and SFS REAL Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BUA FOODS and SFS REAL
The main advantage of trading using opposite BUA FOODS and SFS REAL positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BUA FOODS 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.| BUA FOODS vs. GUINEA INSURANCE PLC | BUA FOODS vs. ALUMINIUM EXTRUSION IND | BUA FOODS vs. VITAFOAM NIGERIA PLC | BUA FOODS vs. JAPAUL OIL MARITIME |
| SFS REAL vs. ZENITH BANK PLC | SFS REAL vs. FORTIS GLOBAL INSURANCE | SFS REAL vs. MULTI TREX INTEGRATED FOODS | 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Other Complementary Tools
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing |