Correlation Between GACM Technologies and ILFS Investment
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By analyzing existing cross correlation between GACM Technologies Limited and ILFS Investment Managers, you can compare the effects of market volatilities on GACM Technologies and ILFS Investment 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 GACM Technologies with a short position of ILFS Investment. Check out your portfolio center. Please also check ongoing floating volatility patterns of GACM Technologies and ILFS Investment.
Diversification Opportunities for GACM Technologies and ILFS Investment
0.32 | Correlation Coefficient |
Weak diversification
The 3 months correlation between GACM and ILFS is 0.32. Overlapping area represents the amount of risk that can be diversified away by holding GACM Technologies Limited and ILFS Investment Managers in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ILFS Investment Managers and GACM Technologies 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 GACM Technologies Limited are associated (or correlated) with ILFS Investment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ILFS Investment Managers has no effect on the direction of GACM Technologies i.e., GACM Technologies and ILFS Investment go up and down completely randomly.
Pair Corralation between GACM Technologies and ILFS Investment
Assuming the 90 days trading horizon GACM Technologies Limited is expected to generate 1.93 times more return on investment than ILFS Investment. However, GACM Technologies is 1.93 times more volatile than ILFS Investment Managers. It trades about -0.02 of its potential returns per unit of risk. ILFS Investment Managers is currently generating about -0.11 per unit of risk. If you would invest 56.00 in GACM Technologies Limited on July 18, 2025 and sell it today you would lose (4.00) from holding GACM Technologies Limited or give up 7.14% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
GACM Technologies Limited vs. ILFS Investment Managers
Performance |
| Timeline |
| GACM Technologies |
| ILFS Investment Managers |
GACM Technologies and ILFS Investment Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with GACM Technologies and ILFS Investment
The main advantage of trading using opposite GACM Technologies and ILFS Investment positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if GACM Technologies position performs unexpectedly, ILFS Investment 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 ILFS Investment will offset losses from the drop in ILFS Investment's long position.| GACM Technologies vs. Kingfa Science Technology | GACM Technologies vs. Megastar Foods Limited | GACM Technologies vs. Mtar Technologies Limited | GACM Technologies vs. Mangalam Organics Limited |
| ILFS Investment vs. GVP Infotech Limited | ILFS Investment vs. Kingfa Science Technology | ILFS Investment vs. Rico Auto Industries | ILFS Investment vs. GACM Technologies Limited |
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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