Correlation Between Samsung Electronics and Rosslyn Data
Can any of the company-specific risk be diversified away by investing in both Samsung Electronics and Rosslyn Data 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 Rosslyn Data 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 Rosslyn Data Technologies, you can compare the effects of market volatilities on Samsung Electronics and Rosslyn Data 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 Rosslyn Data. Check out your portfolio center. Please also check ongoing floating volatility patterns of Samsung Electronics and Rosslyn Data.
Diversification Opportunities for Samsung Electronics and Rosslyn Data
-0.89 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Samsung and Rosslyn is -0.89. Overlapping area represents the amount of risk that can be diversified away by holding Samsung Electronics Co and Rosslyn Data Technologies in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Rosslyn Data Technologies 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 Rosslyn Data. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Rosslyn Data Technologies has no effect on the direction of Samsung Electronics i.e., Samsung Electronics and Rosslyn Data go up and down completely randomly.
Pair Corralation between Samsung Electronics and Rosslyn Data
Assuming the 90 days trading horizon Samsung Electronics Co is expected to generate 1.69 times more return on investment than Rosslyn Data. However, Samsung Electronics is 1.69 times more volatile than Rosslyn Data Technologies. It trades about 0.19 of its potential returns per unit of risk. Rosslyn Data Technologies is currently generating about -0.19 per unit of risk. If you would invest 101,925 in Samsung Electronics Co on August 19, 2025 and sell it today you would earn a total of 28,075 from holding Samsung Electronics Co or generate 27.54% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Samsung Electronics Co vs. Rosslyn Data Technologies
Performance |
| Timeline |
| Samsung Electronics |
| Rosslyn Data Technologies |
Samsung Electronics and Rosslyn Data Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Samsung Electronics and Rosslyn Data
The main advantage of trading using opposite Samsung Electronics and Rosslyn Data positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Samsung Electronics position performs unexpectedly, Rosslyn Data 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 Rosslyn Data will offset losses from the drop in Rosslyn Data's long position.| Samsung Electronics vs. Rockfire Resources plc | Samsung Electronics vs. Ikigai Ventures | Samsung Electronics vs. Golden Metal Resources | Samsung Electronics vs. Falcon Oil Gas |
| Rosslyn Data vs. Electronic Arts | Rosslyn Data vs. MoneysupermarketCom Group PLC | Rosslyn Data vs. Zanaga Iron Ore | Rosslyn Data vs. Ebro Foods |
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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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