Correlation Between First Foods and FalconStor Software
Can any of the company-specific risk be diversified away by investing in both First Foods and FalconStor Software 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 First Foods and FalconStor Software into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between First Foods Group and FalconStor Software, you can compare the effects of market volatilities on First Foods and FalconStor Software 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 First Foods with a short position of FalconStor Software. Check out your portfolio center. Please also check ongoing floating volatility patterns of First Foods and FalconStor Software.
Diversification Opportunities for First Foods and FalconStor Software
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between First and FalconStor is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding First Foods Group and FalconStor Software in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on FalconStor Software and First 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 First Foods Group are associated (or correlated) with FalconStor Software. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FalconStor Software has no effect on the direction of First Foods i.e., First Foods and FalconStor Software go up and down completely randomly.
Pair Corralation between First Foods and FalconStor Software
If you would invest 0.02 in First Foods Group on September 1, 2025 and sell it today you would earn a total of 0.00 from holding First Foods Group or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 98.46% |
| Values | Daily Returns |
First Foods Group vs. FalconStor Software
Performance |
| Timeline |
| First Foods Group |
| FalconStor Software |
First Foods and FalconStor Software Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with First Foods and FalconStor Software
The main advantage of trading using opposite First Foods and FalconStor Software positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if First Foods position performs unexpectedly, FalconStor Software 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 FalconStor Software will offset losses from the drop in FalconStor Software's long position.| First Foods vs. Storage Computer | First Foods vs. Comtech Telecommunications Corp | First Foods vs. Sunny Optical Technology | First Foods vs. Hemisphere Energy |
| FalconStor Software vs. ARIA Wireless Systems | FalconStor Software vs. Orion Office Reit | FalconStor Software vs. Tower Semiconductor | FalconStor Software vs. Erf Wireless |
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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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