Correlation Between NetObjects and General Store
Can any of the company-specific risk be diversified away by investing in both NetObjects and General Store 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 NetObjects and General Store into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between NetObjects and General Store International, you can compare the effects of market volatilities on NetObjects and General Store 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 NetObjects with a short position of General Store. Check out your portfolio center. Please also check ongoing floating volatility patterns of NetObjects and General Store.
Diversification Opportunities for NetObjects and General Store
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between NetObjects and General is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding NetObjects and General Store International in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on General Store Intern and NetObjects 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 NetObjects are associated (or correlated) with General Store. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of General Store Intern has no effect on the direction of NetObjects i.e., NetObjects and General Store go up and down completely randomly.
Pair Corralation between NetObjects and General Store
If you would invest (100.00) in General Store International on September 27, 2025 and sell it today you would earn a total of 100.00 from holding General Store International or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
NetObjects vs. General Store International
Performance |
| Timeline |
| NetObjects |
Risk-Adjusted Performance
Weakest
Weak | Strong |
| General Store Intern |
Risk-Adjusted Performance
Weakest
Weak | Strong |
NetObjects and General Store Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with NetObjects and General Store
The main advantage of trading using opposite NetObjects and General Store positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if NetObjects position performs unexpectedly, General Store 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 General Store will offset losses from the drop in General Store's long position.The idea behind NetObjects and General Store International 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.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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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