Correlation Between Coca Cola and STANLN
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By analyzing existing cross correlation between The Coca Cola and STANLN 32 17 APR 25, you can compare the effects of market volatilities on Coca Cola and STANLN 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 Coca Cola with a short position of STANLN. Check out your portfolio center. Please also check ongoing floating volatility patterns of Coca Cola and STANLN.
Diversification Opportunities for Coca Cola and STANLN
Pay attention - limited upside
The 3 months correlation between Coca and STANLN is -0.88. Overlapping area represents the amount of risk that can be diversified away by holding The Coca Cola and STANLN 32 17 APR 25 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on STANLN 32 17 and Coca Cola 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 The Coca Cola are associated (or correlated) with STANLN. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of STANLN 32 17 has no effect on the direction of Coca Cola i.e., Coca Cola and STANLN go up and down completely randomly.
Pair Corralation between Coca Cola and STANLN
Allowing for the 90-day total investment horizon Coca Cola is expected to generate 2.1 times less return on investment than STANLN. In addition to that, Coca Cola is 2.7 times more volatile than STANLN 32 17 APR 25. It trades about 0.01 of its total potential returns per unit of risk. STANLN 32 17 APR 25 is currently generating about 0.08 per unit of volatility. If you would invest 9,661 in STANLN 32 17 APR 25 on September 13, 2024 and sell it today you would earn a total of 200.00 from holding STANLN 32 17 APR 25 or generate 2.07% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 16.8% |
| Values | Daily Returns |
The Coca Cola vs. STANLN 32 17 APR 25
Performance |
| Timeline |
| Coca Cola |
| STANLN 32 17 |
Coca Cola and STANLN Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Coca Cola and STANLN
The main advantage of trading using opposite Coca Cola and STANLN positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Coca Cola position performs unexpectedly, STANLN 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 STANLN will offset losses from the drop in STANLN's long position.| Coca Cola vs. Monster Beverage Corp | Coca Cola vs. Celsius Holdings | Coca Cola vs. Coca Cola Consolidated | Coca Cola vs. Keurig Dr Pepper |
| STANLN vs. Meiwu Technology Co | STANLN vs. 17 Education Technology | STANLN vs. Afya | STANLN vs. Skillful Craftsman Education |
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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