Correlation Between Samsung Electronics and Bet At
Can any of the company-specific risk be diversified away by investing in both Samsung Electronics and Bet At 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 Bet At 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 bet at home AG, you can compare the effects of market volatilities on Samsung Electronics and Bet At 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 Bet At. Check out your portfolio center. Please also check ongoing floating volatility patterns of Samsung Electronics and Bet At.
Diversification Opportunities for Samsung Electronics and Bet At
-0.51 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Samsung and Bet is -0.51. Overlapping area represents the amount of risk that can be diversified away by holding Samsung Electronics Co and bet at home AG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on bet at home 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 Bet At. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of bet at home has no effect on the direction of Samsung Electronics i.e., Samsung Electronics and Bet At go up and down completely randomly.
Pair Corralation between Samsung Electronics and Bet At
Assuming the 90 days trading horizon Samsung Electronics Co is expected to generate 1.12 times more return on investment than Bet At. However, Samsung Electronics is 1.12 times more volatile than bet at home AG. It trades about 0.18 of its potential returns per unit of risk. bet at home AG is currently generating about -0.14 per unit of risk. If you would invest 107,891 in Samsung Electronics Co on September 11, 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 Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Samsung Electronics Co vs. bet at home AG
Performance |
| Timeline |
| Samsung Electronics |
| bet at home |
Samsung Electronics and Bet At Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Samsung Electronics and Bet At
The main advantage of trading using opposite Samsung Electronics and Bet At positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Samsung Electronics position performs unexpectedly, Bet At 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 Bet At will offset losses from the drop in Bet At's long position.| Samsung Electronics vs. Samsung Electronics Co | Samsung Electronics vs. Samsung Electronics Co | Samsung Electronics vs. Toyota Motor Corp | Samsung Electronics vs. Reliance Industries Limited |
| Bet At vs. Toyota Motor Corp | Bet At vs. Samsung Electronics Co | Bet At vs. Samsung Electronics Co | Bet At vs. Samsung Electronics Co |
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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Other Complementary Tools
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |