Correlation Between Swvl Holdings and Clearwater Analytics
Can any of the company-specific risk be diversified away by investing in both Swvl Holdings and Clearwater Analytics 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 Swvl Holdings and Clearwater Analytics into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Swvl Holdings Corp and Clearwater Analytics Holdings, you can compare the effects of market volatilities on Swvl Holdings and Clearwater Analytics 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 Swvl Holdings with a short position of Clearwater Analytics. Check out your portfolio center. Please also check ongoing floating volatility patterns of Swvl Holdings and Clearwater Analytics.
Diversification Opportunities for Swvl Holdings and Clearwater Analytics
-0.23 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Swvl and Clearwater is -0.23. Overlapping area represents the amount of risk that can be diversified away by holding Swvl Holdings Corp and Clearwater Analytics Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Clearwater Analytics and Swvl Holdings 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 Swvl Holdings Corp are associated (or correlated) with Clearwater Analytics. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Clearwater Analytics has no effect on the direction of Swvl Holdings i.e., Swvl Holdings and Clearwater Analytics go up and down completely randomly.
Pair Corralation between Swvl Holdings and Clearwater Analytics
Given the investment horizon of 90 days Swvl Holdings Corp is expected to under-perform the Clearwater Analytics. In addition to that, Swvl Holdings is 1.35 times more volatile than Clearwater Analytics Holdings. It trades about -0.15 of its total potential returns per unit of risk. Clearwater Analytics Holdings is currently generating about 0.05 per unit of volatility. If you would invest 2,041 in Clearwater Analytics Holdings on September 7, 2025 and sell it today you would earn a total of 130.00 from holding Clearwater Analytics Holdings or generate 6.37% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Swvl Holdings Corp vs. Clearwater Analytics Holdings
Performance |
| Timeline |
| Swvl Holdings Corp |
| Clearwater Analytics |
Swvl Holdings and Clearwater Analytics Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Swvl Holdings and Clearwater Analytics
The main advantage of trading using opposite Swvl Holdings and Clearwater Analytics positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Swvl Holdings position performs unexpectedly, Clearwater Analytics 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 Clearwater Analytics will offset losses from the drop in Clearwater Analytics' long position.| Swvl Holdings vs. Xtera Communications | Swvl Holdings vs. Magic Software Enterprises | Swvl Holdings vs. Comtech Telecommunications Corp | Swvl Holdings vs. Unity Software |
| Clearwater Analytics vs. Road King Infrastructure | Clearwater Analytics vs. Broadcom | Clearwater Analytics vs. Konoike Transport CoLtd | Clearwater Analytics vs. ICL Israel Chemicals |
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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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