Correlation Between CIMG and Seaboard
Can any of the company-specific risk be diversified away by investing in both CIMG and Seaboard 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 CIMG and Seaboard into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between CIMG Inc and Seaboard, you can compare the effects of market volatilities on CIMG and Seaboard 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 CIMG with a short position of Seaboard. Check out your portfolio center. Please also check ongoing floating volatility patterns of CIMG and Seaboard.
Diversification Opportunities for CIMG and Seaboard
Excellent diversification
The 3 months correlation between CIMG and Seaboard is -0.54. Overlapping area represents the amount of risk that can be diversified away by holding CIMG Inc and Seaboard in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Seaboard and CIMG 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 CIMG Inc are associated (or correlated) with Seaboard. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Seaboard has no effect on the direction of CIMG i.e., CIMG and Seaboard go up and down completely randomly.
Pair Corralation between CIMG and Seaboard
Considering the 90-day investment horizon CIMG Inc is expected to generate 17.9 times more return on investment than Seaboard. However, CIMG is 17.9 times more volatile than Seaboard. It trades about 0.03 of its potential returns per unit of risk. Seaboard is currently generating about 0.01 per unit of risk. If you would invest 900.00 in CIMG Inc on June 7, 2025 and sell it today you would lose (876.00) from holding CIMG Inc or give up 97.33% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
CIMG Inc vs. Seaboard
Performance |
| Timeline |
| CIMG Inc |
| Seaboard |
CIMG and Seaboard Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CIMG and Seaboard
The main advantage of trading using opposite CIMG and Seaboard positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CIMG position performs unexpectedly, Seaboard 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 Seaboard will offset losses from the drop in Seaboard's long position.The idea behind CIMG Inc and Seaboard pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| Seaboard vs. White Mountains Insurance | Seaboard vs. Cable One | Seaboard vs. NVR Inc | Seaboard vs. Alexanders |
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 Channel module to use Commodity Channel Index to analyze current equity momentum.
Other Complementary Tools
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| AI Portfolio Prophet Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Transaction History View history of all your transactions and understand their impact on performance |