Correlation Between Coca Cola and Beamr Imaging
Can any of the company-specific risk be diversified away by investing in both Coca Cola and Beamr Imaging 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 Coca Cola and Beamr Imaging into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between The Coca Cola and Beamr Imaging Ltd, you can compare the effects of market volatilities on Coca Cola and Beamr Imaging 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 Coca Cola with a short position of Beamr Imaging. Check out your portfolio center. Please also check ongoing floating volatility patterns of Coca Cola and Beamr Imaging.
Diversification Opportunities for Coca Cola and Beamr Imaging
-0.8 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Coca and Beamr is -0.8. Overlapping area represents the amount of risk that can be diversified away by holding The Coca Cola and Beamr Imaging Ltd in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Beamr Imaging and Coca Cola 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 The Coca Cola are associated (or correlated) with Beamr Imaging. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Beamr Imaging has no effect on the direction of Coca Cola i.e., Coca Cola and Beamr Imaging go up and down completely randomly.
Pair Corralation between Coca Cola and Beamr Imaging
Allowing for the 90-day total investment horizon The Coca Cola is expected to generate 0.28 times more return on investment than Beamr Imaging. However, The Coca Cola is 3.59 times less risky than Beamr Imaging. It trades about 0.12 of its potential returns per unit of risk. Beamr Imaging Ltd is currently generating about -0.11 per unit of risk. If you would invest 6,784 in The Coca Cola on August 28, 2025 and sell it today you would earn a total of 504.00 from holding The Coca Cola or generate 7.43% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
The Coca Cola vs. Beamr Imaging Ltd
Performance |
| Timeline |
| Coca Cola |
| Beamr Imaging |
Coca Cola and Beamr Imaging Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Coca Cola and Beamr Imaging
The main advantage of trading using opposite Coca Cola and Beamr Imaging positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Coca Cola position performs unexpectedly, Beamr Imaging 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 Beamr Imaging will offset losses from the drop in Beamr Imaging's long position.| Coca Cola vs. Spirent Communications plc | Coca Cola vs. GOME Retail Holdings | Coca Cola vs. Space Communication | Coca Cola vs. United Internet AG |
| Beamr Imaging vs. Centaurus Metals Limited | Beamr Imaging vs. Konoike Transport CoLtd | Beamr Imaging vs. Mitsubishi UFJ Lease | Beamr Imaging vs. Lend Lease Group |
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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