Correlation Between Swvl Holdings and Key Tronic
Can any of the company-specific risk be diversified away by investing in both Swvl Holdings and Key Tronic 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 Key Tronic 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 Key Tronic, you can compare the effects of market volatilities on Swvl Holdings and Key Tronic 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 Key Tronic. Check out your portfolio center. Please also check ongoing floating volatility patterns of Swvl Holdings and Key Tronic.
Diversification Opportunities for Swvl Holdings and Key Tronic
-0.68 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Swvl and Key is -0.68. Overlapping area represents the amount of risk that can be diversified away by holding Swvl Holdings Corp and Key Tronic in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Key Tronic 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 Key Tronic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Key Tronic has no effect on the direction of Swvl Holdings i.e., Swvl Holdings and Key Tronic go up and down completely randomly.
Pair Corralation between Swvl Holdings and Key Tronic
Given the investment horizon of 90 days Swvl Holdings Corp is expected to under-perform the Key Tronic. In addition to that, Swvl Holdings is 1.38 times more volatile than Key Tronic. It trades about -0.11 of its total potential returns per unit of risk. Key Tronic is currently generating about 0.05 per unit of volatility. If you would invest 304.00 in Key Tronic on July 27, 2025 and sell it today you would earn a total of 21.00 from holding Key Tronic or generate 6.91% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Swvl Holdings Corp vs. Key Tronic
Performance |
| Timeline |
| Swvl Holdings Corp |
| Key Tronic |
Swvl Holdings and Key Tronic Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Swvl Holdings and Key Tronic
The main advantage of trading using opposite Swvl Holdings and Key Tronic positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Swvl Holdings position performs unexpectedly, Key Tronic 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 Key Tronic will offset losses from the drop in Key Tronic's long position.| Swvl Holdings vs. Viewbix Common Stock | Swvl Holdings vs. NETCLASS TECHNOLOGY INC | Swvl Holdings vs. SIMPPLE LTD Ordinary | Swvl Holdings vs. Cloudastructure, Class A |
| Key Tronic vs. Ebang International Holdings | Key Tronic vs. Intrusion | Key Tronic vs. Viewbix Common Stock | Key Tronic vs. authID Inc |
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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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