Correlation Between SEATech Ventures and 9F
Can any of the company-specific risk be diversified away by investing in both SEATech Ventures and 9F 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 SEATech Ventures and 9F into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between SEATech Ventures Corp and 9F Inc, you can compare the effects of market volatilities on SEATech Ventures and 9F 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 SEATech Ventures with a short position of 9F. Check out your portfolio center. Please also check ongoing floating volatility patterns of SEATech Ventures and 9F.
Diversification Opportunities for SEATech Ventures and 9F
-0.49 | Correlation Coefficient |
Very good diversification
The 3 months correlation between SEATech and 9F is -0.49. Overlapping area represents the amount of risk that can be diversified away by holding SEATech Ventures Corp and 9F Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on 9F Inc and SEATech Ventures 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 SEATech Ventures Corp are associated (or correlated) with 9F. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of 9F Inc has no effect on the direction of SEATech Ventures i.e., SEATech Ventures and 9F go up and down completely randomly.
Pair Corralation between SEATech Ventures and 9F
Given the investment horizon of 90 days SEATech Ventures Corp is expected to under-perform the 9F. In addition to that, SEATech Ventures is 2.16 times more volatile than 9F Inc. It trades about -0.03 of its total potential returns per unit of risk. 9F Inc is currently generating about 0.23 per unit of volatility. If you would invest 144.00 in 9F Inc on June 4, 2025 and sell it today you would earn a total of 96.43 from holding 9F Inc or generate 66.97% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 97.62% |
| Values | Daily Returns |
SEATech Ventures Corp vs. 9F Inc
Performance |
| Timeline |
| SEATech Ventures Corp |
| 9F Inc |
SEATech Ventures and 9F Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SEATech Ventures and 9F
The main advantage of trading using opposite SEATech Ventures and 9F positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SEATech Ventures position performs unexpectedly, 9F 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 9F will offset losses from the drop in 9F's long position.| SEATech Ventures vs. GreenPro Capital Corp | SEATech Ventures vs. High Wire Networks | SEATech Ventures vs. 9F Inc | SEATech Ventures vs. Rego Payment Architectures |
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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