Correlation Between Ford and GLENLN
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By analyzing existing cross correlation between Ford Motor and GLENLN 1625 27 APR 26, you can compare the effects of market volatilities on Ford and GLENLN 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 Ford with a short position of GLENLN. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ford and GLENLN.
Diversification Opportunities for Ford and GLENLN
Very good diversification
The 3 months correlation between Ford and GLENLN is -0.26. Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor and GLENLN 1625 27 APR 26 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GLENLN 1625 27 and Ford 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 Ford Motor are associated (or correlated) with GLENLN. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GLENLN 1625 27 has no effect on the direction of Ford i.e., Ford and GLENLN go up and down completely randomly.
Pair Corralation between Ford and GLENLN
Taking into account the 90-day investment horizon Ford Motor is expected to generate 3.59 times more return on investment than GLENLN. However, Ford is 3.59 times more volatile than GLENLN 1625 27 APR 26. It trades about 0.02 of its potential returns per unit of risk. GLENLN 1625 27 APR 26 is currently generating about 0.02 per unit of risk. If you would invest 1,029 in Ford Motor on September 3, 2024 and sell it today you would earn a total of 69.00 from holding Ford Motor or generate 6.71% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 68.42% |
| Values | Daily Returns |
Ford Motor vs. GLENLN 1625 27 APR 26
Performance |
| Timeline |
| Ford Motor |
| GLENLN 1625 27 |
Ford and GLENLN Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Ford and GLENLN
The main advantage of trading using opposite Ford and GLENLN positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ford position performs unexpectedly, GLENLN 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 GLENLN will offset losses from the drop in GLENLN's long position.| Ford vs. GreenPower Motor | Ford vs. ZEEKR Intelligent Technology | Ford vs. Volcon Inc | Ford vs. Ford Motor |
| GLENLN vs. Cheniere Energy Partners | GLENLN vs. The Joint Corp | GLENLN vs. Esperion Therapeutics | GLENLN vs. NiSource |
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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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