Correlation Between Graham and Abingdon Health
Can any of the company-specific risk be diversified away by investing in both Graham and Abingdon Health 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 Graham and Abingdon Health into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Graham and Abingdon Health Plc, you can compare the effects of market volatilities on Graham and Abingdon Health 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 Graham with a short position of Abingdon Health. Check out your portfolio center. Please also check ongoing floating volatility patterns of Graham and Abingdon Health.
Diversification Opportunities for Graham and Abingdon Health
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Graham and Abingdon is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Graham and Abingdon Health Plc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Abingdon Health Plc and Graham 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 Graham are associated (or correlated) with Abingdon Health. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Abingdon Health Plc has no effect on the direction of Graham i.e., Graham and Abingdon Health go up and down completely randomly.
Pair Corralation between Graham and Abingdon Health
If you would invest 4,798 in Graham on September 1, 2025 and sell it today you would earn a total of 952.00 from holding Graham or generate 19.84% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 98.46% |
| Values | Daily Returns |
Graham vs. Abingdon Health Plc
Performance |
| Timeline |
| Graham |
| Abingdon Health Plc |
Graham and Abingdon Health Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Graham and Abingdon Health
The main advantage of trading using opposite Graham and Abingdon Health positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Graham position performs unexpectedly, Abingdon Health 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 Abingdon Health will offset losses from the drop in Abingdon Health's long position.| Graham vs. United Utilities Group | Graham vs. ISE Chemicals | Graham vs. Starwin Media Holdings | Graham vs. Quality Online Education |
| Abingdon Health vs. Singapore Airlines | Abingdon Health vs. Global Crossing Airlines | Abingdon Health vs. Malaga Financial | Abingdon Health vs. Angel Oak Financial |
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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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