Correlation Between SFS REAL and C I
Specify exactly 2 symbols:
By analyzing existing cross correlation between SFS REAL ESTATE and C I LEASING, you can compare the effects of market volatilities on SFS REAL and C I 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 SFS REAL with a short position of C I. Check out your portfolio center. Please also check ongoing floating volatility patterns of SFS REAL and C I.
Diversification Opportunities for SFS REAL and C I
Poor diversification
The 3 months correlation between SFS and CILEASING is 0.77. Overlapping area represents the amount of risk that can be diversified away by holding SFS REAL ESTATE and C I LEASING in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on C I LEASING and SFS REAL 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 SFS REAL ESTATE are associated (or correlated) with C I. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of C I LEASING has no effect on the direction of SFS REAL i.e., SFS REAL and C I go up and down completely randomly.
Pair Corralation between SFS REAL and C I
Assuming the 90 days trading horizon SFS REAL is expected to generate 2.31 times less return on investment than C I. But when comparing it to its historical volatility, SFS REAL ESTATE is 2.7 times less risky than C I. It trades about 0.23 of its potential returns per unit of risk. C I LEASING is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest 445.00 in C I LEASING on April 5, 2025 and sell it today you would earn a total of 102.00 from holding C I LEASING or generate 22.92% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 95.0% |
| Values | Daily Returns |
SFS REAL ESTATE vs. C I LEASING
Performance |
| Timeline |
| SFS REAL ESTATE |
| C I LEASING |
SFS REAL and C I Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SFS REAL and C I
The main advantage of trading using opposite SFS REAL and C I positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SFS REAL position performs unexpectedly, C I 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 C I will offset losses from the drop in C I's long position.| SFS REAL vs. CONSOLIDATED HALLMARK INSURANCE | SFS REAL vs. MULTI TREX INTEGRATED FOODS | SFS REAL vs. ECOBANK TRANSNATIONAL INCORPORATED | SFS REAL vs. SECURE ELECTRONIC TECHNOLOGY |
| C I vs. GUINEA INSURANCE PLC | C I vs. VITAFOAM NIGERIA PLC | C I vs. SECURE ELECTRONIC TECHNOLOGY | C I vs. SFS REAL ESTATE |
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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Other Complementary Tools
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital |