Correlation Between Metalfrio Solutions and STAG Industrial,
Can any of the company-specific risk be diversified away by investing in both Metalfrio Solutions and STAG Industrial, 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 Metalfrio Solutions and STAG Industrial, into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Metalfrio Solutions SA and STAG Industrial,, you can compare the effects of market volatilities on Metalfrio Solutions and STAG Industrial, 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 Metalfrio Solutions with a short position of STAG Industrial,. Check out your portfolio center. Please also check ongoing floating volatility patterns of Metalfrio Solutions and STAG Industrial,.
Diversification Opportunities for Metalfrio Solutions and STAG Industrial,
-0.57 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Metalfrio and STAG is -0.57. Overlapping area represents the amount of risk that can be diversified away by holding Metalfrio Solutions SA and STAG Industrial, in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on STAG Industrial, and Metalfrio Solutions 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 Metalfrio Solutions SA are associated (or correlated) with STAG Industrial,. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of STAG Industrial, has no effect on the direction of Metalfrio Solutions i.e., Metalfrio Solutions and STAG Industrial, go up and down completely randomly.
Pair Corralation between Metalfrio Solutions and STAG Industrial,
Assuming the 90 days trading horizon Metalfrio Solutions SA is expected to under-perform the STAG Industrial,. But the stock apears to be less risky and, when comparing its historical volatility, Metalfrio Solutions SA is 1.14 times less risky than STAG Industrial,. The stock trades about -0.13 of its potential returns per unit of risk. The STAG Industrial, is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 4,053 in STAG Industrial, on August 28, 2025 and sell it today you would earn a total of 171.00 from holding STAG Industrial, or generate 4.22% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 98.44% |
| Values | Daily Returns |
Metalfrio Solutions SA vs. STAG Industrial,
Performance |
| Timeline |
| Metalfrio Solutions |
| STAG Industrial, |
Metalfrio Solutions and STAG Industrial, Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Metalfrio Solutions and STAG Industrial,
The main advantage of trading using opposite Metalfrio Solutions and STAG Industrial, positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Metalfrio Solutions position performs unexpectedly, STAG Industrial, 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 STAG Industrial, will offset losses from the drop in STAG Industrial,'s long position.| Metalfrio Solutions vs. Sumitomo Mitsui Financial | Metalfrio Solutions vs. Cincinnati Financial | Metalfrio Solutions vs. Verizon Communications | Metalfrio Solutions vs. Jefferies Financial Group |
| STAG Industrial, vs. Taiwan Semiconductor Manufacturing | STAG Industrial, vs. Apple Inc | STAG Industrial, vs. Alibaba Group Holding | STAG Industrial, vs. Microsoft |
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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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