Correlation Between Summit Securities and BGC
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By analyzing existing cross correlation between Summit Securities Limited and BGC Group, you can compare the effects of market volatilities on Summit Securities and BGC 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 Summit Securities with a short position of BGC. Check out your portfolio center. Please also check ongoing floating volatility patterns of Summit Securities and BGC.
Diversification Opportunities for Summit Securities and BGC
-0.41 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Summit and BGC is -0.41. Overlapping area represents the amount of risk that can be diversified away by holding Summit Securities Limited and BGC Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BGC Group and Summit Securities 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 Summit Securities Limited are associated (or correlated) with BGC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BGC Group has no effect on the direction of Summit Securities i.e., Summit Securities and BGC go up and down completely randomly.
Pair Corralation between Summit Securities and BGC
Assuming the 90 days trading horizon Summit Securities Limited is expected to generate 1.38 times more return on investment than BGC. However, Summit Securities is 1.38 times more volatile than BGC Group. It trades about 0.08 of its potential returns per unit of risk. BGC Group is currently generating about -0.08 per unit of risk. If you would invest 205,490 in Summit Securities Limited on July 20, 2025 and sell it today you would earn a total of 20,700 from holding Summit Securities Limited or generate 10.07% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Summit Securities Limited vs. BGC Group
Performance |
| Timeline |
| Summit Securities |
| BGC Group |
Summit Securities and BGC Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Summit Securities and BGC
The main advantage of trading using opposite Summit Securities and BGC positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Summit Securities position performs unexpectedly, BGC 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 BGC will offset losses from the drop in BGC's long position.| Summit Securities vs. Cantabil Retail India | Summit Securities vs. Hathway Cable Datacom | Summit Securities vs. Bajaj Holdings Investment | Summit Securities vs. Industrial Investment Trust |
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 Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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