Correlation Between PT Astra and Gevo
Can any of the company-specific risk be diversified away by investing in both PT Astra and Gevo 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 PT Astra and Gevo into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between PT Astra International and Gevo Inc, you can compare the effects of market volatilities on PT Astra and Gevo 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 PT Astra with a short position of Gevo. Check out your portfolio center. Please also check ongoing floating volatility patterns of PT Astra and Gevo.
Diversification Opportunities for PT Astra and Gevo
Good diversification
The 3 months correlation between PTAIF and Gevo is -0.17. Overlapping area represents the amount of risk that can be diversified away by holding PT Astra International and Gevo Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Gevo Inc and PT Astra 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 PT Astra International are associated (or correlated) with Gevo. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gevo Inc has no effect on the direction of PT Astra i.e., PT Astra and Gevo go up and down completely randomly.
Pair Corralation between PT Astra and Gevo
If you would invest 30.00 in PT Astra International on August 31, 2025 and sell it today you would earn a total of 0.00 from holding PT Astra International or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 4.55% |
| Values | Daily Returns |
PT Astra International vs. Gevo Inc
Performance |
| Timeline |
| PT Astra International |
Risk-Adjusted Performance
Weakest
Weak | Strong |
| Gevo Inc |
PT Astra and Gevo Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with PT Astra and Gevo
The main advantage of trading using opposite PT Astra and Gevo positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if PT Astra position performs unexpectedly, Gevo 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 Gevo will offset losses from the drop in Gevo's long position.| PT Astra vs. NanoTech Gaming | PT Astra vs. Gaming Realms plc | PT Astra vs. SkyCity Entertainment Group | PT Astra vs. Live Nation Entertainment |
| Gevo vs. Altisource Asset Management | Gevo vs. Tradeshow Marketing | Gevo vs. Gex Management | Gevo vs. Chemtrade Logistics Income |
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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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