Correlation Between General Mills and Nates Food
Can any of the company-specific risk be diversified away by investing in both General Mills and Nates Food 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 General Mills and Nates Food into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between General Mills and Nates Food Co, you can compare the effects of market volatilities on General Mills and Nates Food 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 General Mills with a short position of Nates Food. Check out your portfolio center. Please also check ongoing floating volatility patterns of General Mills and Nates Food.
Diversification Opportunities for General Mills and Nates Food
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between General and Nates is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding General Mills and Nates Food Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Nates Food and General Mills 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 General Mills are associated (or correlated) with Nates Food. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Nates Food has no effect on the direction of General Mills i.e., General Mills and Nates Food go up and down completely randomly.
Pair Corralation between General Mills and Nates Food
If you would invest 0.01 in Nates Food Co on September 8, 2025 and sell it today you would earn a total of 0.00 from holding Nates Food Co or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
General Mills vs. Nates Food Co
Performance |
| Timeline |
| General Mills |
| Nates Food |
General Mills and Nates Food Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with General Mills and Nates Food
The main advantage of trading using opposite General Mills and Nates Food positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if General Mills position performs unexpectedly, Nates Food 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 Nates Food will offset losses from the drop in Nates Food's long position.| General Mills vs. DATA Communications Management | General Mills vs. Bright Scholar Education | General Mills vs. 51Talk Online Education | General Mills vs. Wah Fu Education |
| Nates Food vs. Danone PK | Nates Food vs. Kraft Heinz Co | Nates Food vs. Kellanova | Nates Food vs. General Mills |
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 Directory module to find actively traded commodities issued by global exchanges.
Other Complementary Tools
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |