Correlation Between Fair Isaac and StealthGas
Can any of the company-specific risk be diversified away by investing in both Fair Isaac and StealthGas 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 Fair Isaac and StealthGas into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Fair Isaac and StealthGas, you can compare the effects of market volatilities on Fair Isaac and StealthGas 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 Fair Isaac with a short position of StealthGas. Check out your portfolio center. Please also check ongoing floating volatility patterns of Fair Isaac and StealthGas.
Diversification Opportunities for Fair Isaac and StealthGas
-0.23 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Fair and StealthGas is -0.23. Overlapping area represents the amount of risk that can be diversified away by holding Fair Isaac and StealthGas in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on StealthGas and Fair Isaac 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 Fair Isaac are associated (or correlated) with StealthGas. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of StealthGas has no effect on the direction of Fair Isaac i.e., Fair Isaac and StealthGas go up and down completely randomly.
Pair Corralation between Fair Isaac and StealthGas
Given the investment horizon of 90 days Fair Isaac is expected to generate 2.44 times more return on investment than StealthGas. However, Fair Isaac is 2.44 times more volatile than StealthGas. It trades about 0.06 of its potential returns per unit of risk. StealthGas is currently generating about -0.08 per unit of risk. If you would invest 159,656 in Fair Isaac on September 11, 2025 and sell it today you would earn a total of 15,513 from holding Fair Isaac or generate 9.72% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Fair Isaac vs. StealthGas
Performance |
| Timeline |
| Fair Isaac |
| StealthGas |
Fair Isaac and StealthGas Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Fair Isaac and StealthGas
The main advantage of trading using opposite Fair Isaac and StealthGas positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Fair Isaac position performs unexpectedly, StealthGas 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 StealthGas will offset losses from the drop in StealthGas' long position.| Fair Isaac vs. Celestica | Fair Isaac vs. Garmin | Fair Isaac vs. Nokia Corp ADR | Fair Isaac vs. Atlassian Corp Plc |
| StealthGas vs. Solid Power | StealthGas vs. FuelCell Energy | StealthGas vs. Diana Shipping | StealthGas vs. Blink Charging Co |
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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Other Complementary Tools
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |