Correlation Between Vasta Platform and Seneca Foods
Can any of the company-specific risk be diversified away by investing in both Vasta Platform and Seneca Foods 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 Vasta Platform and Seneca Foods into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Vasta Platform and Seneca Foods Corp, you can compare the effects of market volatilities on Vasta Platform and Seneca Foods 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 Vasta Platform with a short position of Seneca Foods. Check out your portfolio center. Please also check ongoing floating volatility patterns of Vasta Platform and Seneca Foods.
Diversification Opportunities for Vasta Platform and Seneca Foods
0.29 | Correlation Coefficient |
Modest diversification
The 3 months correlation between Vasta and Seneca is 0.29. Overlapping area represents the amount of risk that can be diversified away by holding Vasta Platform and Seneca Foods Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Seneca Foods Corp and Vasta Platform 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 Vasta Platform are associated (or correlated) with Seneca Foods. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Seneca Foods Corp has no effect on the direction of Vasta Platform i.e., Vasta Platform and Seneca Foods go up and down completely randomly.
Pair Corralation between Vasta Platform and Seneca Foods
Given the investment horizon of 90 days Vasta Platform is expected to under-perform the Seneca Foods. But the stock apears to be less risky and, when comparing its historical volatility, Vasta Platform is 2.78 times less risky than Seneca Foods. The stock trades about -0.02 of its potential returns per unit of risk. The Seneca Foods Corp is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest 10,765 in Seneca Foods Corp on October 8, 2025 and sell it today you would earn a total of 317.00 from holding Seneca Foods Corp or generate 2.94% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Vasta Platform vs. Seneca Foods Corp
Performance |
| Timeline |
| Vasta Platform |
| Seneca Foods Corp |
Vasta Platform and Seneca Foods Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Vasta Platform and Seneca Foods
The main advantage of trading using opposite Vasta Platform and Seneca Foods positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Vasta Platform position performs unexpectedly, Seneca Foods 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 Seneca Foods will offset losses from the drop in Seneca Foods' long position.| Vasta Platform vs. Dingdong Limited ADR | Vasta Platform vs. USANA Health Sciences | Vasta Platform vs. Oatly Group AB | Vasta Platform vs. Brasilagro Adr |
| Seneca Foods vs. John B Sanfilippo | Seneca Foods vs. Natural Grocers by | Seneca Foods vs. Herbalife Nutrition | Seneca Foods vs. Beyond Meat |
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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