Correlation Between GTL Infrastructure and NETGEAR
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By analyzing existing cross correlation between GTL Infrastructure Limited and NETGEAR, you can compare the effects of market volatilities on GTL Infrastructure and NETGEAR 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 GTL Infrastructure with a short position of NETGEAR. Check out your portfolio center. Please also check ongoing floating volatility patterns of GTL Infrastructure and NETGEAR.
Diversification Opportunities for GTL Infrastructure and NETGEAR
-0.39 | Correlation Coefficient |
Very good diversification
The 3 months correlation between GTL and NETGEAR is -0.39. Overlapping area represents the amount of risk that can be diversified away by holding GTL Infrastructure Limited and NETGEAR in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on NETGEAR and GTL Infrastructure 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 GTL Infrastructure Limited are associated (or correlated) with NETGEAR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NETGEAR has no effect on the direction of GTL Infrastructure i.e., GTL Infrastructure and NETGEAR go up and down completely randomly.
Pair Corralation between GTL Infrastructure and NETGEAR
Assuming the 90 days trading horizon GTL Infrastructure Limited is expected to under-perform the NETGEAR. But the stock apears to be less risky and, when comparing its historical volatility, GTL Infrastructure Limited is 1.92 times less risky than NETGEAR. The stock trades about -0.13 of its potential returns per unit of risk. The NETGEAR is currently generating about 0.1 of returns per unit of risk over similar time horizon. If you would invest 2,749 in NETGEAR on July 20, 2025 and sell it today you would earn a total of 493.00 from holding NETGEAR or generate 17.93% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
GTL Infrastructure Limited vs. NETGEAR
Performance |
| Timeline |
| GTL Infrastructure |
| NETGEAR |
GTL Infrastructure and NETGEAR Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with GTL Infrastructure and NETGEAR
The main advantage of trading using opposite GTL Infrastructure and NETGEAR positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if GTL Infrastructure position performs unexpectedly, NETGEAR 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 NETGEAR will offset losses from the drop in NETGEAR's long position.| GTL Infrastructure vs. Zodiac Clothing | GTL Infrastructure vs. Reliable Data Services | GTL Infrastructure vs. Newgen Software Technologies | GTL Infrastructure vs. JHS Svendgaard Retail |
| NETGEAR vs. Harmonic | NETGEAR vs. Gilat Satellite Networks | NETGEAR vs. Ituran Location and | NETGEAR vs. Magic Software Enterprises |
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.
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