Correlation Between Seneca Foods and Swvl Holdings
Can any of the company-specific risk be diversified away by investing in both Seneca Foods and Swvl Holdings 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 Seneca Foods and Swvl Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Seneca Foods and Swvl Holdings Corp, you can compare the effects of market volatilities on Seneca Foods and Swvl Holdings 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 Seneca Foods with a short position of Swvl Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Seneca Foods and Swvl Holdings.
Diversification Opportunities for Seneca Foods and Swvl Holdings
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Seneca and Swvl is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Seneca Foods and Swvl Holdings Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Swvl Holdings Corp and Seneca Foods 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 Seneca Foods are associated (or correlated) with Swvl Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Swvl Holdings Corp has no effect on the direction of Seneca Foods i.e., Seneca Foods and Swvl Holdings go up and down completely randomly.
Pair Corralation between Seneca Foods and Swvl Holdings
If you would invest 11,250 in Seneca Foods on September 4, 2025 and sell it today you would earn a total of 0.00 from holding Seneca Foods or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 70.31% |
| Values | Daily Returns |
Seneca Foods vs. Swvl Holdings Corp
Performance |
| Timeline |
| Seneca Foods |
| Swvl Holdings Corp |
Seneca Foods and Swvl Holdings Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Seneca Foods and Swvl Holdings
The main advantage of trading using opposite Seneca Foods and Swvl Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Seneca Foods position performs unexpectedly, Swvl Holdings 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 Swvl Holdings will offset losses from the drop in Swvl Holdings' long position.| Seneca Foods vs. JD Sports Fashion | Seneca Foods vs. Hunter Creek Mining | Seneca Foods vs. Eagle Mountain Mining | Seneca Foods vs. Amer Sports, |
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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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