Correlation Between GM and 87165BAS2
Specify exactly 2 symbols:
By analyzing existing cross correlation between General Motors and SYF 4875 13 JUN 25, you can compare the effects of market volatilities on GM and 87165BAS2 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 GM with a short position of 87165BAS2. Check out your portfolio center. Please also check ongoing floating volatility patterns of GM and 87165BAS2.
Diversification Opportunities for GM and 87165BAS2
Very good diversification
The 3 months correlation between GM and 87165BAS2 is -0.46. Overlapping area represents the amount of risk that can be diversified away by holding General Motors and SYF 4875 13 JUN 25 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SYF 4875 13 and GM 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 General Motors are associated (or correlated) with 87165BAS2. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SYF 4875 13 has no effect on the direction of GM i.e., GM and 87165BAS2 go up and down completely randomly.
Pair Corralation between GM and 87165BAS2
Allowing for the 90-day total investment horizon General Motors is expected to generate 5.05 times more return on investment than 87165BAS2. However, GM is 5.05 times more volatile than SYF 4875 13 JUN 25. It trades about 0.11 of its potential returns per unit of risk. SYF 4875 13 JUN 25 is currently generating about 0.01 per unit of risk. If you would invest 3,324 in General Motors on September 2, 2024 and sell it today you would earn a total of 2,235 from holding General Motors or generate 67.24% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 98.79% |
| Values | Daily Returns |
General Motors vs. SYF 4875 13 JUN 25
Performance |
| Timeline |
| General Motors |
| SYF 4875 13 |
GM and 87165BAS2 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with GM and 87165BAS2
The main advantage of trading using opposite GM and 87165BAS2 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if GM position performs unexpectedly, 87165BAS2 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 87165BAS2 will offset losses from the drop in 87165BAS2's long position.The idea behind General Motors and SYF 4875 13 JUN 25 pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| 87165BAS2 vs. Alaska Air Group | 87165BAS2 vs. BBB Foods | 87165BAS2 vs. Upper Street Marketing | 87165BAS2 vs. Getty Realty |
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Other Complementary Tools
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |