Correlation Between GD Culture and Presto Automation
Can any of the company-specific risk be diversified away by investing in both GD Culture and Presto Automation 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 GD Culture and Presto Automation into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between GD Culture Group and Presto Automation, you can compare the effects of market volatilities on GD Culture and Presto Automation 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 GD Culture with a short position of Presto Automation. Check out your portfolio center. Please also check ongoing floating volatility patterns of GD Culture and Presto Automation.
Diversification Opportunities for GD Culture and Presto Automation
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between GDC and Presto is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding GD Culture Group and Presto Automation in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Presto Automation and GD Culture 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 GD Culture Group are associated (or correlated) with Presto Automation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Presto Automation has no effect on the direction of GD Culture i.e., GD Culture and Presto Automation go up and down completely randomly.
Pair Corralation between GD Culture and Presto Automation
If you would invest 250.00 in GD Culture Group on May 26, 2025 and sell it today you would earn a total of 121.00 from holding GD Culture Group or generate 48.4% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
GD Culture Group vs. Presto Automation
Performance |
| Timeline |
| GD Culture Group |
| Presto Automation |
Risk-Adjusted Performance
Weakest
Weak | Strong |
GD Culture and Presto Automation Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with GD Culture and Presto Automation
The main advantage of trading using opposite GD Culture and Presto Automation positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if GD Culture position performs unexpectedly, Presto Automation 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 Presto Automation will offset losses from the drop in Presto Automation's long position.| GD Culture vs. Motorsport Gaming Us | GD Culture vs. Blue Hat Interactive | GD Culture vs. Bilibili | GD Culture vs. Zhong Yang Financial |
| Presto Automation vs. CXApp Inc | Presto Automation vs. Bullfrog AI Holdings, | Presto Automation vs. Guardforce AI Co | Presto Automation vs. Dermata Therapeutics |
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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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