Correlation Between GPT Infraprojects and OneConstruction Group
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By analyzing existing cross correlation between GPT Infraprojects Limited and OneConstruction Group Limited, you can compare the effects of market volatilities on GPT Infraprojects and OneConstruction Group 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 GPT Infraprojects with a short position of OneConstruction Group. Check out your portfolio center. Please also check ongoing floating volatility patterns of GPT Infraprojects and OneConstruction Group.
Diversification Opportunities for GPT Infraprojects and OneConstruction Group
0.21 | Correlation Coefficient |
Modest diversification
The 3 months correlation between GPT and OneConstruction is 0.21. Overlapping area represents the amount of risk that can be diversified away by holding GPT Infraprojects Limited and OneConstruction Group Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on OneConstruction Group and GPT Infraprojects 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 GPT Infraprojects Limited are associated (or correlated) with OneConstruction Group. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OneConstruction Group has no effect on the direction of GPT Infraprojects i.e., GPT Infraprojects and OneConstruction Group go up and down completely randomly.
Pair Corralation between GPT Infraprojects and OneConstruction Group
Assuming the 90 days trading horizon GPT Infraprojects Limited is expected to under-perform the OneConstruction Group. But the stock apears to be less risky and, when comparing its historical volatility, GPT Infraprojects Limited is 1.61 times less risky than OneConstruction Group. The stock trades about -0.05 of its potential returns per unit of risk. The OneConstruction Group Limited is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest 975.00 in OneConstruction Group Limited on August 14, 2025 and sell it today you would earn a total of 40.00 from holding OneConstruction Group Limited or generate 4.1% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
GPT Infraprojects Limited vs. OneConstruction Group Limited
Performance |
| Timeline |
| GPT Infraprojects |
| OneConstruction Group |
GPT Infraprojects and OneConstruction Group Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with GPT Infraprojects and OneConstruction Group
The main advantage of trading using opposite GPT Infraprojects and OneConstruction Group positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if GPT Infraprojects position performs unexpectedly, OneConstruction Group 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 OneConstruction Group will offset losses from the drop in OneConstruction Group's long position.| GPT Infraprojects vs. Twamev Construction and | GPT Infraprojects vs. PROTEAN EGOV TECHNOLOGIES | GPT Infraprojects vs. Som Distilleries Breweries | GPT Infraprojects vs. Mtar Technologies Limited |
| OneConstruction Group vs. Argan Inc | OneConstruction Group vs. Powell Industries | OneConstruction Group vs. Brinks Company | OneConstruction Group vs. KBR Inc |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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