Correlation Between Swvl Holdings and Dayforce
Can any of the company-specific risk be diversified away by investing in both Swvl Holdings and Dayforce 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 Dayforce 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 Dayforce, you can compare the effects of market volatilities on Swvl Holdings and Dayforce 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 Dayforce. Check out your portfolio center. Please also check ongoing floating volatility patterns of Swvl Holdings and Dayforce.
Diversification Opportunities for Swvl Holdings and Dayforce
0.43 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Swvl and Dayforce is 0.43. Overlapping area represents the amount of risk that can be diversified away by holding Swvl Holdings Corp and Dayforce in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dayforce 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 Dayforce. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dayforce has no effect on the direction of Swvl Holdings i.e., Swvl Holdings and Dayforce go up and down completely randomly.
Pair Corralation between Swvl Holdings and Dayforce
Given the investment horizon of 90 days Swvl Holdings Corp is expected to under-perform the Dayforce. In addition to that, Swvl Holdings is 14.25 times more volatile than Dayforce. It trades about -0.09 of its total potential returns per unit of risk. Dayforce is currently generating about -0.04 per unit of volatility. If you would invest 6,955 in Dayforce on August 27, 2025 and sell it today you would lose (52.00) from holding Dayforce or give up 0.75% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Swvl Holdings Corp vs. Dayforce
Performance |
| Timeline |
| Swvl Holdings Corp |
| Dayforce |
Swvl Holdings and Dayforce Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Swvl Holdings and Dayforce
The main advantage of trading using opposite Swvl Holdings and Dayforce positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Swvl Holdings position performs unexpectedly, Dayforce 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 Dayforce will offset losses from the drop in Dayforce's long position.| Swvl Holdings vs. Drugs Made In | Swvl Holdings vs. Geely Automobile Holdings | Swvl Holdings vs. Cars Inc | Swvl Holdings vs. Kestra Medical Technologies, |
| Dayforce vs. SIGNA Sports United | Dayforce vs. LATAM Airlines Group | Dayforce vs. International Consolidated Airlines | Dayforce vs. Canlan Ice Sports |
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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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