Correlation Between SECURE ELECTRONIC and JAPAUL OIL
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By analyzing existing cross correlation between SECURE ELECTRONIC TECHNOLOGY and JAPAUL OIL MARITIME, you can compare the effects of market volatilities on SECURE ELECTRONIC and JAPAUL OIL 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 JAPAUL OIL. Check out your portfolio center. Please also check ongoing floating volatility patterns of SECURE ELECTRONIC and JAPAUL OIL.
Diversification Opportunities for SECURE ELECTRONIC and JAPAUL OIL
0.84 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between SECURE and JAPAUL is 0.84. Overlapping area represents the amount of risk that can be diversified away by holding SECURE ELECTRONIC TECHNOLOGY and JAPAUL OIL MARITIME in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on JAPAUL OIL MARITIME 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 JAPAUL OIL. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of JAPAUL OIL MARITIME has no effect on the direction of SECURE ELECTRONIC i.e., SECURE ELECTRONIC and JAPAUL OIL go up and down completely randomly.
Pair Corralation between SECURE ELECTRONIC and JAPAUL OIL
Assuming the 90 days trading horizon SECURE ELECTRONIC TECHNOLOGY is expected to generate 1.09 times more return on investment than JAPAUL OIL. However, SECURE ELECTRONIC is 1.09 times more volatile than JAPAUL OIL MARITIME. It trades about 0.27 of its potential returns per unit of risk. JAPAUL OIL MARITIME is currently generating about 0.15 per unit of risk. If you would invest 55.00 in SECURE ELECTRONIC TECHNOLOGY on April 24, 2025 and sell it today you would earn a total of 57.00 from holding SECURE ELECTRONIC TECHNOLOGY or generate 103.64% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 98.33% |
| Values | Daily Returns |
SECURE ELECTRONIC TECHNOLOGY vs. JAPAUL OIL MARITIME
Performance |
| Timeline |
| SECURE ELECTRONIC |
| JAPAUL OIL MARITIME |
SECURE ELECTRONIC and JAPAUL OIL Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SECURE ELECTRONIC and JAPAUL OIL
The main advantage of trading using opposite SECURE ELECTRONIC and JAPAUL OIL positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SECURE ELECTRONIC position performs unexpectedly, JAPAUL OIL 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 JAPAUL OIL will offset losses from the drop in JAPAUL OIL's long position.| SECURE ELECTRONIC vs. CUSTODIAN INVESTMENT PLC | SECURE ELECTRONIC vs. INTERNATIONAL ENERGY INSURANCE | SECURE ELECTRONIC vs. CORNERSTONE INSURANCE PLC | SECURE ELECTRONIC vs. FORTIS GLOBAL INSURANCE |
| JAPAUL OIL vs. SECURE ELECTRONIC TECHNOLOGY | JAPAUL OIL vs. STERLING FINANCIAL HOLDINGS | JAPAUL OIL vs. STACO INSURANCE PLC | JAPAUL OIL vs. MULTI TREX INTEGRATED FOODS |
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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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