Correlation Between Rafael Holdings, and SCCG
Can any of the company-specific risk be diversified away by investing in both Rafael Holdings, and SCCG 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 Rafael Holdings, and SCCG into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Rafael Holdings, and SCCG, you can compare the effects of market volatilities on Rafael Holdings, and SCCG 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 Rafael Holdings, with a short position of SCCG. Check out your portfolio center. Please also check ongoing floating volatility patterns of Rafael Holdings, and SCCG.
Diversification Opportunities for Rafael Holdings, and SCCG
-0.48 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Rafael and SCCG is -0.48. Overlapping area represents the amount of risk that can be diversified away by holding Rafael Holdings, and SCCG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SCCG and Rafael Holdings, 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 Rafael Holdings, are associated (or correlated) with SCCG. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SCCG has no effect on the direction of Rafael Holdings, i.e., Rafael Holdings, and SCCG go up and down completely randomly.
Pair Corralation between Rafael Holdings, and SCCG
Considering the 90-day investment horizon Rafael Holdings, is expected to under-perform the SCCG. In addition to that, Rafael Holdings, is 6.49 times more volatile than SCCG. It trades about -0.07 of its total potential returns per unit of risk. SCCG is currently generating about 0.1 per unit of volatility. If you would invest 2,231 in SCCG on August 18, 2025 and sell it today you would earn a total of 90.00 from holding SCCG or generate 4.03% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Rafael Holdings, vs. SCCG
Performance |
| Timeline |
| Rafael Holdings, |
| SCCG |
Rafael Holdings, and SCCG Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Rafael Holdings, and SCCG
The main advantage of trading using opposite Rafael Holdings, and SCCG positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Rafael Holdings, position performs unexpectedly, SCCG 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 SCCG will offset losses from the drop in SCCG's long position.| Rafael Holdings, vs. Fathom Holdings | Rafael Holdings, vs. Sachem Capital Corp | Rafael Holdings, vs. Ohmyhome Limited Ordinary | Rafael Holdings, vs. Sotherly Hotels |
| SCCG vs. Sachem Capital Corp | SCCG vs. Sachem Capital Corp | SCCG vs. Manhattan Bridge Capital | SCCG vs. Global Self Storage |
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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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