Correlation Between SEI Investments and Graham
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By analyzing existing cross correlation between SEI Investments and Graham Holdings 575, you can compare the effects of market volatilities on SEI Investments and Graham 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 SEI Investments with a short position of Graham. Check out your portfolio center. Please also check ongoing floating volatility patterns of SEI Investments and Graham.
Diversification Opportunities for SEI Investments and Graham
-0.17 | Correlation Coefficient |
Good diversification
The 3 months correlation between SEI and Graham is -0.17. Overlapping area represents the amount of risk that can be diversified away by holding SEI Investments and Graham Holdings 575 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Graham Holdings 575 and SEI Investments 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 SEI Investments are associated (or correlated) with Graham. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Graham Holdings 575 has no effect on the direction of SEI Investments i.e., SEI Investments and Graham go up and down completely randomly.
Pair Corralation between SEI Investments and Graham
Given the investment horizon of 90 days SEI Investments is expected to generate 39.04 times less return on investment than Graham. But when comparing it to its historical volatility, SEI Investments is 50.55 times less risky than Graham. It trades about 0.06 of its potential returns per unit of risk. Graham Holdings 575 is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest 10,050 in Graham Holdings 575 on September 3, 2024 and sell it today you would lose (101.00) from holding Graham Holdings 575 or give up 1.0% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 64.44% |
| Values | Daily Returns |
SEI Investments vs. Graham Holdings 575
Performance |
| Timeline |
| SEI Investments |
| Graham Holdings 575 |
SEI Investments and Graham Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SEI Investments and Graham
The main advantage of trading using opposite SEI Investments and Graham positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SEI Investments position performs unexpectedly, Graham 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 Graham will offset losses from the drop in Graham's long position.| SEI Investments vs. Commerce Bancshares | SEI Investments vs. RLI Corp | SEI Investments vs. Westamerica Bancorporation | SEI Investments vs. Brown Brown |
| Graham vs. Dalata Hotel Group | Graham vs. Inflection Point Acquisition | Graham vs. SEI Investments | Graham vs. Kura Sushi USA |
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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