Correlation Between Manhattan Bridge and Sachem Capital
Can any of the company-specific risk be diversified away by investing in both Manhattan Bridge and Sachem Capital 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 Manhattan Bridge and Sachem Capital into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Manhattan Bridge Capital and Sachem Capital Corp, you can compare the effects of market volatilities on Manhattan Bridge and Sachem Capital 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 Manhattan Bridge with a short position of Sachem Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Manhattan Bridge and Sachem Capital.
Diversification Opportunities for Manhattan Bridge and Sachem Capital
0.08 | Correlation Coefficient |
Significant diversification
The 3 months correlation between Manhattan and Sachem is 0.08. Overlapping area represents the amount of risk that can be diversified away by holding Manhattan Bridge Capital and Sachem Capital Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sachem Capital Corp and Manhattan Bridge 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 Manhattan Bridge Capital are associated (or correlated) with Sachem Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sachem Capital Corp has no effect on the direction of Manhattan Bridge i.e., Manhattan Bridge and Sachem Capital go up and down completely randomly.
Pair Corralation between Manhattan Bridge and Sachem Capital
Given the investment horizon of 90 days Manhattan Bridge Capital is expected to under-perform the Sachem Capital. In addition to that, Manhattan Bridge is 2.73 times more volatile than Sachem Capital Corp. It trades about -0.11 of its total potential returns per unit of risk. Sachem Capital Corp is currently generating about 0.01 per unit of volatility. If you would invest 2,313 in Sachem Capital Corp on August 29, 2025 and sell it today you would earn a total of 7.00 from holding Sachem Capital Corp or generate 0.3% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Manhattan Bridge Capital vs. Sachem Capital Corp
Performance |
| Timeline |
| Manhattan Bridge Capital |
| Sachem Capital Corp |
Manhattan Bridge and Sachem Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Manhattan Bridge and Sachem Capital
The main advantage of trading using opposite Manhattan Bridge and Sachem Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Manhattan Bridge position performs unexpectedly, Sachem Capital 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 Sachem Capital will offset losses from the drop in Sachem Capital's long position.| Manhattan Bridge vs. Solstad Offshore ASA | Manhattan Bridge vs. PARKSON Retail Group | Manhattan Bridge vs. Fast Retailing Co | Manhattan Bridge vs. Chemtrade Logistics Income |
| Sachem Capital vs. Canlan Ice Sports | Sachem Capital vs. Electronic Arts | Sachem Capital vs. LPKF Laser Electronics | Sachem Capital vs. EVO Transportation Energy |
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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