Correlation Between Industrial Investment and COSMO FIRST
Specify exactly 2 symbols:
By analyzing existing cross correlation between Industrial Investment Trust and COSMO FIRST LIMITED, you can compare the effects of market volatilities on Industrial Investment and COSMO FIRST 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 Industrial Investment with a short position of COSMO FIRST. Check out your portfolio center. Please also check ongoing floating volatility patterns of Industrial Investment and COSMO FIRST.
Diversification Opportunities for Industrial Investment and COSMO FIRST
0.31 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Industrial and COSMO is 0.31. Overlapping area represents the amount of risk that can be diversified away by holding Industrial Investment Trust and COSMO FIRST LIMITED in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on COSMO FIRST LIMITED and Industrial Investment 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 Industrial Investment Trust are associated (or correlated) with COSMO FIRST. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of COSMO FIRST LIMITED has no effect on the direction of Industrial Investment i.e., Industrial Investment and COSMO FIRST go up and down completely randomly.
Pair Corralation between Industrial Investment and COSMO FIRST
Assuming the 90 days trading horizon Industrial Investment Trust is expected to generate 1.17 times more return on investment than COSMO FIRST. However, Industrial Investment is 1.17 times more volatile than COSMO FIRST LIMITED. It trades about -0.01 of its potential returns per unit of risk. COSMO FIRST LIMITED is currently generating about -0.26 per unit of risk. If you would invest 17,933 in Industrial Investment Trust on September 3, 2025 and sell it today you would lose (557.00) from holding Industrial Investment Trust or give up 3.11% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Industrial Investment Trust vs. COSMO FIRST LIMITED
Performance |
| Timeline |
| Industrial Investment |
| COSMO FIRST LIMITED |
Industrial Investment and COSMO FIRST Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Industrial Investment and COSMO FIRST
The main advantage of trading using opposite Industrial Investment and COSMO FIRST positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Industrial Investment position performs unexpectedly, COSMO FIRST 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 COSMO FIRST will offset losses from the drop in COSMO FIRST's long position.| Industrial Investment vs. Foods Inns Limited | Industrial Investment vs. Apex Frozen Foods | Industrial Investment vs. Sarveshwar Foods Limited | Industrial Investment vs. Associated Alcohols Breweries |
| COSMO FIRST vs. Niraj Ispat Industries | COSMO FIRST vs. Datamatics Global Services | COSMO FIRST vs. KNR Constructions Limited | COSMO FIRST vs. Gallantt Ispat Limited |
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 Global Correlations module to find global opportunities by holding instruments from different markets.
Other Complementary Tools
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |