Correlation Between Geely Automobile and Swvl Holdings
Can any of the company-specific risk be diversified away by investing in both Geely Automobile and Swvl Holdings 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 Geely Automobile and Swvl Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Geely Automobile Holdings and Swvl Holdings Corp, you can compare the effects of market volatilities on Geely Automobile and Swvl Holdings 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 Geely Automobile with a short position of Swvl Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Geely Automobile and Swvl Holdings.
Diversification Opportunities for Geely Automobile and Swvl Holdings
0.55 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Geely and Swvl is 0.55. Overlapping area represents the amount of risk that can be diversified away by holding Geely Automobile Holdings and Swvl Holdings Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Swvl Holdings Corp and Geely Automobile 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 Geely Automobile Holdings are associated (or correlated) with Swvl Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Swvl Holdings Corp has no effect on the direction of Geely Automobile i.e., Geely Automobile and Swvl Holdings go up and down completely randomly.
Pair Corralation between Geely Automobile and Swvl Holdings
Assuming the 90 days horizon Geely Automobile Holdings is expected to generate 0.49 times more return on investment than Swvl Holdings. However, Geely Automobile Holdings is 2.02 times less risky than Swvl Holdings. It trades about -0.05 of its potential returns per unit of risk. Swvl Holdings Corp is currently generating about -0.09 per unit of risk. If you would invest 4,700 in Geely Automobile Holdings on September 4, 2025 and sell it today you would lose (316.00) from holding Geely Automobile Holdings or give up 6.72% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Geely Automobile Holdings vs. Swvl Holdings Corp
Performance |
| Timeline |
| Geely Automobile Holdings |
| Swvl Holdings Corp |
Geely Automobile and Swvl Holdings Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Geely Automobile and Swvl Holdings
The main advantage of trading using opposite Geely Automobile and Swvl Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Geely Automobile position performs unexpectedly, Swvl Holdings 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 Swvl Holdings will offset losses from the drop in Swvl Holdings' long position.| Geely Automobile vs. NVIDIA | Geely Automobile vs. Apple Inc | Geely Automobile vs. Alphabet Inc Class C | Geely Automobile vs. Microsoft |
| Swvl Holdings vs. ON Semiconductor | Swvl Holdings vs. Journey Medical Corp | Swvl Holdings vs. Profound Medical Corp | Swvl Holdings vs. Kestra Medical Technologies, |
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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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