Correlation Between EAT WELL and Apollo Investment
Can any of the company-specific risk be diversified away by investing in both EAT WELL and Apollo Investment 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 EAT WELL and Apollo Investment into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between EAT WELL INVESTMENT and Apollo Investment Corp, you can compare the effects of market volatilities on EAT WELL and Apollo Investment 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 EAT WELL with a short position of Apollo Investment. Check out your portfolio center. Please also check ongoing floating volatility patterns of EAT WELL and Apollo Investment.
Diversification Opportunities for EAT WELL and Apollo Investment
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between EAT and Apollo is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding EAT WELL INVESTMENT and Apollo Investment Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Apollo Investment Corp and EAT WELL 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 EAT WELL INVESTMENT are associated (or correlated) with Apollo Investment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Apollo Investment Corp has no effect on the direction of EAT WELL i.e., EAT WELL and Apollo Investment go up and down completely randomly.
Pair Corralation between EAT WELL and Apollo Investment
If you would invest 1,251 in Apollo Investment Corp on August 27, 2024 and sell it today you would earn a total of 83.00 from holding Apollo Investment Corp or generate 6.63% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
EAT WELL INVESTMENT vs. Apollo Investment Corp
Performance |
| Timeline |
| EAT WELL INVESTMENT |
| Apollo Investment Corp |
EAT WELL and Apollo Investment Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with EAT WELL and Apollo Investment
The main advantage of trading using opposite EAT WELL and Apollo Investment positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if EAT WELL position performs unexpectedly, Apollo Investment 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 Apollo Investment will offset losses from the drop in Apollo Investment's long position.| EAT WELL vs. The Bank of | EAT WELL vs. Superior Plus Corp | EAT WELL vs. NMI Holdings | EAT WELL vs. Origin Agritech |
| Apollo Investment vs. Macquarie Group Limited | Apollo Investment vs. MSCI Inc | Apollo Investment vs. Superior Plus Corp | Apollo Investment vs. NMI Holdings |
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
Other Complementary Tools
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Commodity Directory Find actively traded commodities issued by global exchanges |