Correlation Between Lowes Companies and Sadot
Can any of the company-specific risk be diversified away by investing in both Lowes Companies and Sadot 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 Lowes Companies and Sadot into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Lowes Companies and Sadot Group, you can compare the effects of market volatilities on Lowes Companies and Sadot 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 Lowes Companies with a short position of Sadot. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lowes Companies and Sadot.
Diversification Opportunities for Lowes Companies and Sadot
-0.73 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Lowes and Sadot is -0.73. Overlapping area represents the amount of risk that can be diversified away by holding Lowes Companies and Sadot Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sadot Group and Lowes Companies 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 Lowes Companies are associated (or correlated) with Sadot. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sadot Group has no effect on the direction of Lowes Companies i.e., Lowes Companies and Sadot go up and down completely randomly.
Pair Corralation between Lowes Companies and Sadot
Considering the 90-day investment horizon Lowes Companies is expected to generate 0.19 times more return on investment than Sadot. However, Lowes Companies is 5.39 times less risky than Sadot. It trades about 0.14 of its potential returns per unit of risk. Sadot Group is currently generating about -0.01 per unit of risk. If you would invest 22,759 in Lowes Companies on June 3, 2025 and sell it today you would earn a total of 3,047 from holding Lowes Companies or generate 13.39% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Lowes Companies vs. Sadot Group
Performance |
| Timeline |
| Lowes Companies |
| Sadot Group |
Lowes Companies and Sadot Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Lowes Companies and Sadot
The main advantage of trading using opposite Lowes Companies and Sadot positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Lowes Companies position performs unexpectedly, Sadot 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 Sadot will offset losses from the drop in Sadot's long position.| Lowes Companies vs. Home Depot | Lowes Companies vs. Floor Decor Holdings | Lowes Companies vs. Arhaus Inc | Lowes Companies vs. Haverty Furniture Companies |
| Sadot vs. ESGL Holdings Limited | Sadot vs. Mangoceuticals, Common Stock | Sadot vs. SaverOne 2014 Ltd | Sadot vs. 60 Degrees Pharmaceuticals, |
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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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