Correlation Between Intercont Limited and Seanergy Maritime
Can any of the company-specific risk be diversified away by investing in both Intercont Limited and Seanergy Maritime 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 Intercont Limited and Seanergy Maritime into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Intercont Limited Ordinary and Seanergy Maritime Holdings, you can compare the effects of market volatilities on Intercont Limited and Seanergy Maritime 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 Intercont Limited with a short position of Seanergy Maritime. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intercont Limited and Seanergy Maritime.
Diversification Opportunities for Intercont Limited and Seanergy Maritime
-0.48 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Intercont and Seanergy is -0.48. Overlapping area represents the amount of risk that can be diversified away by holding Intercont Limited Ordinary and Seanergy Maritime Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Seanergy Maritime and Intercont Limited 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 Intercont Limited Ordinary are associated (or correlated) with Seanergy Maritime. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Seanergy Maritime has no effect on the direction of Intercont Limited i.e., Intercont Limited and Seanergy Maritime go up and down completely randomly.
Pair Corralation between Intercont Limited and Seanergy Maritime
Considering the 90-day investment horizon Intercont Limited Ordinary is expected to under-perform the Seanergy Maritime. In addition to that, Intercont Limited is 2.48 times more volatile than Seanergy Maritime Holdings. It trades about -0.11 of its total potential returns per unit of risk. Seanergy Maritime Holdings is currently generating about 0.2 per unit of volatility. If you would invest 775.00 in Seanergy Maritime Holdings on August 29, 2025 and sell it today you would earn a total of 248.00 from holding Seanergy Maritime Holdings or generate 32.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Intercont Limited Ordinary vs. Seanergy Maritime Holdings
Performance |
| Timeline |
| Intercont Limited |
| Seanergy Maritime |
Intercont Limited and Seanergy Maritime Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Intercont Limited and Seanergy Maritime
The main advantage of trading using opposite Intercont Limited and Seanergy Maritime positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Intercont Limited position performs unexpectedly, Seanergy Maritime 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 Seanergy Maritime will offset losses from the drop in Seanergy Maritime's long position.| Intercont Limited vs. Element Fleet Management | Intercont Limited vs. Education Management Corp | Intercont Limited vs. Singapore Airlines | Intercont Limited vs. Sun Country Airlines |
| Seanergy Maritime vs. LPKF Laser Electronics | Seanergy Maritime vs. Hunter Creek Mining | Seanergy Maritime vs. RTG Mining | Seanergy Maritime vs. Kimball Electronics |
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 CEOs Directory module to screen CEOs from public companies around the world.
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