Correlation Between Stillfront Group and Softronic
Can any of the company-specific risk be diversified away by investing in both Stillfront Group and Softronic 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 Stillfront Group and Softronic into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Stillfront Group AB and Softronic AB, you can compare the effects of market volatilities on Stillfront Group and Softronic 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 Stillfront Group with a short position of Softronic. Check out your portfolio center. Please also check ongoing floating volatility patterns of Stillfront Group and Softronic.
Diversification Opportunities for Stillfront Group and Softronic
-0.84 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Stillfront and Softronic is -0.84. Overlapping area represents the amount of risk that can be diversified away by holding Stillfront Group AB and Softronic AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Softronic AB and Stillfront Group 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 Stillfront Group AB are associated (or correlated) with Softronic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Softronic AB has no effect on the direction of Stillfront Group i.e., Stillfront Group and Softronic go up and down completely randomly.
Pair Corralation between Stillfront Group and Softronic
Assuming the 90 days horizon Stillfront Group AB is expected to under-perform the Softronic. In addition to that, Stillfront Group is 2.03 times more volatile than Softronic AB. It trades about -0.02 of its total potential returns per unit of risk. Softronic AB is currently generating about 0.04 per unit of volatility. If you would invest 1,741 in Softronic AB on October 7, 2025 and sell it today you would earn a total of 429.00 from holding Softronic AB or generate 24.64% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Stillfront Group AB vs. Softronic AB
Performance |
| Timeline |
| Stillfront Group |
| Softronic AB |
Stillfront Group and Softronic Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Stillfront Group and Softronic
The main advantage of trading using opposite Stillfront Group and Softronic positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Stillfront Group position performs unexpectedly, Softronic 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 Softronic will offset losses from the drop in Softronic's long position.| Stillfront Group vs. Dustin Group AB | Stillfront Group vs. Know IT AB | Stillfront Group vs. Enad Global 7 | Stillfront Group vs. Proact IT Group |
| Softronic vs. Prevas AB | Softronic vs. Cint Group AB | Softronic vs. Novotek AB | Softronic vs. CAG Group AB |
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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