Correlation Between Sligro Food and Mativ Holdings
Can any of the company-specific risk be diversified away by investing in both Sligro Food and Mativ 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 Sligro Food and Mativ Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Sligro Food Group and Mativ Holdings, you can compare the effects of market volatilities on Sligro Food and Mativ 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 Sligro Food with a short position of Mativ Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sligro Food and Mativ Holdings.
Diversification Opportunities for Sligro Food and Mativ Holdings
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Sligro and Mativ is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Sligro Food Group and Mativ Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Mativ Holdings and Sligro Food 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 Sligro Food Group are associated (or correlated) with Mativ Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Mativ Holdings has no effect on the direction of Sligro Food i.e., Sligro Food and Mativ Holdings go up and down completely randomly.
Pair Corralation between Sligro Food and Mativ Holdings
If you would invest 628.00 in Mativ Holdings on June 13, 2025 and sell it today you would earn a total of 591.00 from holding Mativ Holdings or generate 94.11% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 96.83% |
| Values | Daily Returns |
Sligro Food Group vs. Mativ Holdings
Performance |
| Timeline |
| Sligro Food Group |
| Mativ Holdings |
Sligro Food and Mativ Holdings Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Sligro Food and Mativ Holdings
The main advantage of trading using opposite Sligro Food and Mativ Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Sligro Food position performs unexpectedly, Mativ 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 Mativ Holdings will offset losses from the drop in Mativ Holdings' long position.| Sligro Food vs. East West Bancorp | Sligro Food vs. Arrow Financial | Sligro Food vs. Yips Chemical Holdings | Sligro Food vs. Ecolab Inc |
| Mativ Holdings vs. Orion Engineered Carbons | Mativ Holdings vs. Select Energy Services | Mativ Holdings vs. Perimeter Solutions SA | Mativ Holdings vs. FutureFuel Corp |
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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Other Complementary Tools
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |