Correlation Between IFabric Corp and Ree Automotive
Can any of the company-specific risk be diversified away by investing in both IFabric Corp and Ree Automotive 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 IFabric Corp and Ree Automotive into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between iFabric Corp and Ree Automotive Holding, you can compare the effects of market volatilities on IFabric Corp and Ree Automotive 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 IFabric Corp with a short position of Ree Automotive. Check out your portfolio center. Please also check ongoing floating volatility patterns of IFabric Corp and Ree Automotive.
Diversification Opportunities for IFabric Corp and Ree Automotive
-0.67 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between IFabric and Ree is -0.67. Overlapping area represents the amount of risk that can be diversified away by holding iFabric Corp and Ree Automotive Holding in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Ree Automotive Holding and IFabric Corp 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 iFabric Corp are associated (or correlated) with Ree Automotive. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ree Automotive Holding has no effect on the direction of IFabric Corp i.e., IFabric Corp and Ree Automotive go up and down completely randomly.
Pair Corralation between IFabric Corp and Ree Automotive
Assuming the 90 days trading horizon iFabric Corp is expected to generate 0.97 times more return on investment than Ree Automotive. However, iFabric Corp is 1.03 times less risky than Ree Automotive. It trades about 0.18 of its potential returns per unit of risk. Ree Automotive Holding is currently generating about -0.06 per unit of risk. If you would invest 124.00 in iFabric Corp on November 15, 2025 and sell it today you would earn a total of 75.00 from holding iFabric Corp or generate 60.48% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 98.39% |
| Values | Daily Returns |
iFabric Corp vs. Ree Automotive Holding
Performance |
| Timeline |
| iFabric Corp |
| Ree Automotive Holding |
IFabric Corp and Ree Automotive Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with IFabric Corp and Ree Automotive
The main advantage of trading using opposite IFabric Corp and Ree Automotive positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if IFabric Corp position performs unexpectedly, Ree Automotive 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 Ree Automotive will offset losses from the drop in Ree Automotive's long position.| IFabric Corp vs. First Hydrogen Corp | IFabric Corp vs. Unisync Corp | IFabric Corp vs. Goodfood Market Corp | IFabric Corp vs. Westport Fuel Systems |
| Ree Automotive vs. SBDS | Ree Automotive vs. ECARX Holdings Class | Ree Automotive vs. Tandy Leather Factory | Ree Automotive vs. MKDWELL Tech Ordinary |
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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