Correlation Between Samsung Electronics and Bell Food
Can any of the company-specific risk be diversified away by investing in both Samsung Electronics and Bell Food 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 Bell Food 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 Bell Food Group, you can compare the effects of market volatilities on Samsung Electronics and Bell Food 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 Bell Food. Check out your portfolio center. Please also check ongoing floating volatility patterns of Samsung Electronics and Bell Food.
Diversification Opportunities for Samsung Electronics and Bell Food
-0.87 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Samsung and Bell is -0.87. Overlapping area represents the amount of risk that can be diversified away by holding Samsung Electronics Co and Bell Food Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Bell Food Group 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 Bell Food. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bell Food Group has no effect on the direction of Samsung Electronics i.e., Samsung Electronics and Bell Food go up and down completely randomly.
Pair Corralation between Samsung Electronics and Bell Food
Assuming the 90 days trading horizon Samsung Electronics Co is expected to generate 2.84 times more return on investment than Bell Food. However, Samsung Electronics is 2.84 times more volatile than Bell Food Group. It trades about 0.21 of its potential returns per unit of risk. Bell Food Group is currently generating about -0.22 per unit of risk. If you would invest 125,300 in Samsung Electronics Co on August 18, 2025 and sell it today you would earn a total of 44,500 from holding Samsung Electronics Co or generate 35.51% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 98.48% |
| Values | Daily Returns |
Samsung Electronics Co vs. Bell Food Group
Performance |
| Timeline |
| Samsung Electronics |
| Bell Food Group |
Samsung Electronics and Bell Food Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Samsung Electronics and Bell Food
The main advantage of trading using opposite Samsung Electronics and Bell Food positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Samsung Electronics position performs unexpectedly, Bell Food 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 Bell Food will offset losses from the drop in Bell Food's long position.| Samsung Electronics vs. LBG Media PLC | Samsung Electronics vs. Bellevue Healthcare Trust | Samsung Electronics vs. HCA Healthcare | Samsung Electronics vs. Everyman Media Group |
| Bell Food vs. Canadian General Investments | Bell Food vs. Westlake Chemical Corp | Bell Food vs. Lowland Investment Co | Bell Food vs. X FAB Silicon Foundries |
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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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