Correlation Between SECURE ELECTRONIC and CONSOLIDATED HALLMARK
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By analyzing existing cross correlation between SECURE ELECTRONIC TECHNOLOGY and CONSOLIDATED HALLMARK HOLDINGS, you can compare the effects of market volatilities on SECURE ELECTRONIC and CONSOLIDATED HALLMARK 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 SECURE ELECTRONIC with a short position of CONSOLIDATED HALLMARK. Check out your portfolio center. Please also check ongoing floating volatility patterns of SECURE ELECTRONIC and CONSOLIDATED HALLMARK.
Diversification Opportunities for SECURE ELECTRONIC and CONSOLIDATED HALLMARK
0.62 | Correlation Coefficient |
Poor diversification
The 3 months correlation between SECURE and CONSOLIDATED is 0.62. Overlapping area represents the amount of risk that can be diversified away by holding SECURE ELECTRONIC TECHNOLOGY and CONSOLIDATED HALLMARK HOLDINGS in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CONSOLIDATED HALLMARK and SECURE ELECTRONIC 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 SECURE ELECTRONIC TECHNOLOGY are associated (or correlated) with CONSOLIDATED HALLMARK. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CONSOLIDATED HALLMARK has no effect on the direction of SECURE ELECTRONIC i.e., SECURE ELECTRONIC and CONSOLIDATED HALLMARK go up and down completely randomly.
Pair Corralation between SECURE ELECTRONIC and CONSOLIDATED HALLMARK
Assuming the 90 days trading horizon SECURE ELECTRONIC TECHNOLOGY is expected to generate 1.08 times more return on investment than CONSOLIDATED HALLMARK. However, SECURE ELECTRONIC is 1.08 times more volatile than CONSOLIDATED HALLMARK HOLDINGS. It trades about 0.17 of its potential returns per unit of risk. CONSOLIDATED HALLMARK HOLDINGS is currently generating about 0.15 per unit of risk. If you would invest 55.00 in SECURE ELECTRONIC TECHNOLOGY on May 31, 2025 and sell it today you would earn a total of 35.00 from holding SECURE ELECTRONIC TECHNOLOGY or generate 63.64% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 98.36% |
| Values | Daily Returns |
SECURE ELECTRONIC TECHNOLOGY vs. CONSOLIDATED HALLMARK HOLDINGS
Performance |
| Timeline |
| SECURE ELECTRONIC |
| CONSOLIDATED HALLMARK |
SECURE ELECTRONIC and CONSOLIDATED HALLMARK Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SECURE ELECTRONIC and CONSOLIDATED HALLMARK
The main advantage of trading using opposite SECURE ELECTRONIC and CONSOLIDATED HALLMARK positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SECURE ELECTRONIC position performs unexpectedly, CONSOLIDATED HALLMARK 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 CONSOLIDATED HALLMARK will offset losses from the drop in CONSOLIDATED HALLMARK's long position.| SECURE ELECTRONIC vs. JAIZ BANK PLC | SECURE ELECTRONIC vs. DN TYRE RUBBER | SECURE ELECTRONIC vs. CUSTODIAN INVESTMENT PLC | SECURE ELECTRONIC vs. ECOBANK TRANSNATIONAL INCORPORATED |
| CONSOLIDATED HALLMARK vs. DN TYRE RUBBER | CONSOLIDATED HALLMARK vs. NEWGOLD EXCHANGE TRADED | CONSOLIDATED HALLMARK vs. STACO INSURANCE PLC | CONSOLIDATED HALLMARK vs. AFRICAN ALLIANCE INSURANCE |
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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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