Correlation Between STACO INSURANCE and CORONATION INSURANCE
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By analyzing existing cross correlation between STACO INSURANCE PLC and CORONATION INSURANCE PLC, you can compare the effects of market volatilities on STACO INSURANCE and CORONATION INSURANCE 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 STACO INSURANCE with a short position of CORONATION INSURANCE. Check out your portfolio center. Please also check ongoing floating volatility patterns of STACO INSURANCE and CORONATION INSURANCE.
Diversification Opportunities for STACO INSURANCE and CORONATION INSURANCE
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between STACO and CORONATION is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding STACO INSURANCE PLC and CORONATION INSURANCE PLC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CORONATION INSURANCE PLC and STACO INSURANCE 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 STACO INSURANCE PLC are associated (or correlated) with CORONATION INSURANCE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CORONATION INSURANCE PLC has no effect on the direction of STACO INSURANCE i.e., STACO INSURANCE and CORONATION INSURANCE go up and down completely randomly.
Pair Corralation between STACO INSURANCE and CORONATION INSURANCE
If you would invest 213.00 in CORONATION INSURANCE PLC on June 2, 2025 and sell it today you would earn a total of 149.00 from holding CORONATION INSURANCE PLC or generate 69.95% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
STACO INSURANCE PLC vs. CORONATION INSURANCE PLC
Performance |
| Timeline |
| STACO INSURANCE PLC |
| CORONATION INSURANCE PLC |
STACO INSURANCE and CORONATION INSURANCE Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with STACO INSURANCE and CORONATION INSURANCE
The main advantage of trading using opposite STACO INSURANCE and CORONATION INSURANCE positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if STACO INSURANCE position performs unexpectedly, CORONATION INSURANCE 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 CORONATION INSURANCE will offset losses from the drop in CORONATION INSURANCE's long position.| STACO INSURANCE vs. GUINEA INSURANCE PLC | STACO INSURANCE vs. ALUMINIUM EXTRUSION IND | STACO INSURANCE vs. SECURE ELECTRONIC TECHNOLOGY | STACO INSURANCE vs. SFS REAL ESTATE |
| CORONATION INSURANCE vs. GUINEA INSURANCE PLC | CORONATION INSURANCE vs. ALUMINIUM EXTRUSION IND | CORONATION INSURANCE vs. SECURE ELECTRONIC TECHNOLOGY | CORONATION INSURANCE vs. SFS REAL ESTATE |
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 CEOs Directory module to screen CEOs from public companies around the world.
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