Correlation Between SSC Security and Supercom
Can any of the company-specific risk be diversified away by investing in both SSC Security and Supercom 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 SSC Security and Supercom into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between SSC Security Services and Supercom, you can compare the effects of market volatilities on SSC Security and Supercom 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 SSC Security with a short position of Supercom. Check out your portfolio center. Please also check ongoing floating volatility patterns of SSC Security and Supercom.
Diversification Opportunities for SSC Security and Supercom
-0.05 | Correlation Coefficient |
Good diversification
The 3 months correlation between SSC and Supercom is -0.05. Overlapping area represents the amount of risk that can be diversified away by holding SSC Security Services and Supercom in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Supercom and SSC Security 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 SSC Security Services are associated (or correlated) with Supercom. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Supercom has no effect on the direction of SSC Security i.e., SSC Security and Supercom go up and down completely randomly.
Pair Corralation between SSC Security and Supercom
Assuming the 90 days horizon SSC Security is expected to generate 28.0 times less return on investment than Supercom. But when comparing it to its historical volatility, SSC Security Services is 3.12 times less risky than Supercom. It trades about 0.02 of its potential returns per unit of risk. Supercom is currently generating about 0.17 of returns per unit of risk over similar time horizon. If you would invest 571.00 in Supercom on May 2, 2025 and sell it today you would earn a total of 341.00 from holding Supercom or generate 59.72% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
SSC Security Services vs. Supercom
Performance |
| Timeline |
| SSC Security Services |
| Supercom |
SSC Security and Supercom Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SSC Security and Supercom
The main advantage of trading using opposite SSC Security and Supercom positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SSC Security position performs unexpectedly, Supercom 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 Supercom will offset losses from the drop in Supercom's long position.| SSC Security vs. 1911 Gold Corp | SSC Security vs. LeanLife Health | SSC Security vs. YourWay Cannabis Brands |
| Supercom vs. BIO Key International | Supercom vs. SSC Security Services | Supercom vs. ICTS International NV | Supercom vs. Senstar Technologies |
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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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