Correlation Between First Capital and Remy Cointreau
Can any of the company-specific risk be diversified away by investing in both First Capital and Remy Cointreau 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 First Capital and Remy Cointreau into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between First Capital and Remy Cointreau SA, you can compare the effects of market volatilities on First Capital and Remy Cointreau 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 First Capital with a short position of Remy Cointreau. Check out your portfolio center. Please also check ongoing floating volatility patterns of First Capital and Remy Cointreau.
Diversification Opportunities for First Capital and Remy Cointreau
-0.76 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between First and Remy is -0.76. Overlapping area represents the amount of risk that can be diversified away by holding First Capital and Remy Cointreau SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Remy Cointreau SA and First Capital 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 First Capital are associated (or correlated) with Remy Cointreau. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Remy Cointreau SA has no effect on the direction of First Capital i.e., First Capital and Remy Cointreau go up and down completely randomly.
Pair Corralation between First Capital and Remy Cointreau
Given the investment horizon of 90 days First Capital is expected to generate 1.42 times more return on investment than Remy Cointreau. However, First Capital is 1.42 times more volatile than Remy Cointreau SA. It trades about 0.11 of its potential returns per unit of risk. Remy Cointreau SA is currently generating about -0.12 per unit of risk. If you would invest 4,183 in First Capital on October 27, 2025 and sell it today you would earn a total of 904.00 from holding First Capital or generate 21.61% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
First Capital vs. Remy Cointreau SA
Performance |
| Timeline |
| First Capital |
| Remy Cointreau SA |
First Capital and Remy Cointreau Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with First Capital and Remy Cointreau
The main advantage of trading using opposite First Capital and Remy Cointreau positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if First Capital position performs unexpectedly, Remy Cointreau 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 Remy Cointreau will offset losses from the drop in Remy Cointreau's long position.| First Capital vs. Landmark Bancorp | First Capital vs. CF Bankshares | First Capital vs. Finward Bancorp | First Capital vs. Eagle Bancorp Montana |
| Remy Cointreau vs. Socit BIC SA | Remy Cointreau vs. KWS SAAT SE | Remy Cointreau vs. Treasury Wine Estates | Remy Cointreau vs. Maple Leaf Foods |
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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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