Correlation Between Samsung Electronics and Delta Air
Can any of the company-specific risk be diversified away by investing in both Samsung Electronics and Delta Air 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 Samsung Electronics and Delta Air into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Samsung Electronics Co and Delta Air Lines, you can compare the effects of market volatilities on Samsung Electronics and Delta Air 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 Samsung Electronics with a short position of Delta Air. Check out your portfolio center. Please also check ongoing floating volatility patterns of Samsung Electronics and Delta Air.
Diversification Opportunities for Samsung Electronics and Delta Air
0.25 | Correlation Coefficient |
Modest diversification
The 3 months correlation between Samsung and Delta is 0.25. Overlapping area represents the amount of risk that can be diversified away by holding Samsung Electronics Co and Delta Air Lines in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Delta Air Lines and Samsung Electronics 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 Samsung Electronics Co are associated (or correlated) with Delta Air. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Delta Air Lines has no effect on the direction of Samsung Electronics i.e., Samsung Electronics and Delta Air go up and down completely randomly.
Pair Corralation between Samsung Electronics and Delta Air
Assuming the 90 days trading horizon Samsung Electronics Co is expected to generate 0.93 times more return on investment than Delta Air. However, Samsung Electronics Co is 1.08 times less risky than Delta Air. It trades about 0.18 of its potential returns per unit of risk. Delta Air Lines is currently generating about 0.09 per unit of risk. If you would invest 107,891 in Samsung Electronics Co on September 12, 2025 and sell it today you would earn a total of 29,109 from holding Samsung Electronics Co or generate 26.98% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Samsung Electronics Co vs. Delta Air Lines
Performance |
| Timeline |
| Samsung Electronics |
| Delta Air Lines |
Samsung Electronics and Delta Air Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Samsung Electronics and Delta Air
The main advantage of trading using opposite Samsung Electronics and Delta Air positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Samsung Electronics position performs unexpectedly, Delta Air 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 Delta Air will offset losses from the drop in Delta Air's long position.| Samsung Electronics vs. Symphony Environmental Technologies | Samsung Electronics vs. Grieg Seafood | Samsung Electronics vs. Cars Inc | Samsung Electronics vs. Seche Environnement SA |
| Delta Air vs. Roadside Real Estate | Delta Air vs. Power Metal Resources | Delta Air vs. Tamburi Investment Partners | Delta Air vs. Synergia Energy |
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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Other Complementary Tools
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |