Correlation Between Neinor Homes and E Home
Can any of the company-specific risk be diversified away by investing in both Neinor Homes and E Home 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 Neinor Homes and E Home into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Neinor Homes SA and E Home Household Service, you can compare the effects of market volatilities on Neinor Homes and E Home 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 Neinor Homes with a short position of E Home. Check out your portfolio center. Please also check ongoing floating volatility patterns of Neinor Homes and E Home.
Diversification Opportunities for Neinor Homes and E Home
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Neinor and EJH is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Neinor Homes SA and E Home Household Service in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on E Home Household and Neinor Homes 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 Neinor Homes SA are associated (or correlated) with E Home. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of E Home Household has no effect on the direction of Neinor Homes i.e., Neinor Homes and E Home go up and down completely randomly.
Pair Corralation between Neinor Homes and E Home
If you would invest 1,601 in Neinor Homes SA on September 10, 2025 and sell it today you would earn a total of 0.00 from holding Neinor Homes SA or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 98.44% |
| Values | Daily Returns |
Neinor Homes SA vs. E Home Household Service
Performance |
| Timeline |
| Neinor Homes SA |
| E Home Household |
Neinor Homes and E Home Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Neinor Homes and E Home
The main advantage of trading using opposite Neinor Homes and E Home positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Neinor Homes position performs unexpectedly, E Home 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 E Home will offset losses from the drop in E Home's long position.| Neinor Homes vs. Hovnanian Enterprises | Neinor Homes vs. Delta Galil Industries | Neinor Homes vs. Leons Furniture Limited | Neinor Homes vs. Trainline PLC |
| E Home vs. Interactive Strength Common | E Home vs. Naas Technology ADR | E Home vs. Jowell Global | E Home vs. XWELL Inc |
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 Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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