Correlation Between Nates Food and Amplitude
Can any of the company-specific risk be diversified away by investing in both Nates Food and Amplitude 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 Nates Food and Amplitude into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Nates Food Co and Amplitude, you can compare the effects of market volatilities on Nates Food and Amplitude 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 Nates Food with a short position of Amplitude. Check out your portfolio center. Please also check ongoing floating volatility patterns of Nates Food and Amplitude.
Diversification Opportunities for Nates Food and Amplitude
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Nates and Amplitude is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Nates Food Co and Amplitude in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Amplitude and Nates Food 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 Nates Food Co are associated (or correlated) with Amplitude. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Amplitude has no effect on the direction of Nates Food i.e., Nates Food and Amplitude go up and down completely randomly.
Pair Corralation between Nates Food and Amplitude
If you would invest 993.00 in Amplitude on September 4, 2025 and sell it today you would earn a total of 50.00 from holding Amplitude or generate 5.04% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Nates Food Co vs. Amplitude
Performance |
| Timeline |
| Nates Food |
| Amplitude |
Nates Food and Amplitude Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Nates Food and Amplitude
The main advantage of trading using opposite Nates Food and Amplitude positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Nates Food position performs unexpectedly, Amplitude 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 Amplitude will offset losses from the drop in Amplitude's long position.| Nates Food vs. Silicon Motion Technology | Nates Food vs. Kingboard Chemical Holdings | Nates Food vs. PPJ Healthcare Enterprises | Nates Food vs. ICL Israel Chemicals |
| Amplitude vs. Bridgford Foods | Amplitude vs. BG Foods | Amplitude vs. Tyson Foods | Amplitude vs. Bebida Beverage Co |
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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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