Correlation Between SEPC and GACM Technologies
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By analyzing existing cross correlation between SEPC Limited and GACM Technologies Limited, you can compare the effects of market volatilities on SEPC and GACM Technologies 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 SEPC with a short position of GACM Technologies. Check out your portfolio center. Please also check ongoing floating volatility patterns of SEPC and GACM Technologies.
Diversification Opportunities for SEPC and GACM Technologies
0.26 | Correlation Coefficient |
Modest diversification
The 3 months correlation between SEPC and GACM is 0.26. Overlapping area represents the amount of risk that can be diversified away by holding SEPC Limited and GACM Technologies Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GACM Technologies and SEPC 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 SEPC Limited are associated (or correlated) with GACM Technologies. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GACM Technologies has no effect on the direction of SEPC i.e., SEPC and GACM Technologies go up and down completely randomly.
Pair Corralation between SEPC and GACM Technologies
Assuming the 90 days trading horizon SEPC Limited is expected to under-perform the GACM Technologies. In addition to that, SEPC is 2.11 times more volatile than GACM Technologies Limited. It trades about -0.19 of its total potential returns per unit of risk. GACM Technologies Limited is currently generating about 0.15 per unit of volatility. If you would invest 96.00 in GACM Technologies Limited on October 23, 2024 and sell it today you would earn a total of 4.00 from holding GACM Technologies Limited or generate 4.17% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 95.0% |
| Values | Daily Returns |
SEPC Limited vs. GACM Technologies Limited
Performance |
| Timeline |
| SEPC Limited |
| GACM Technologies |
SEPC and GACM Technologies Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SEPC and GACM Technologies
The main advantage of trading using opposite SEPC and GACM Technologies positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SEPC position performs unexpectedly, GACM Technologies 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 GACM Technologies will offset losses from the drop in GACM Technologies' long position.| SEPC vs. Hindustan Construction | SEPC vs. DJ Mediaprint Logistics | SEPC vs. Diligent Media | SEPC vs. Sasken Technologies Limited |
| GACM Technologies vs. Tera Software Limited | GACM Technologies vs. Le Travenues Technology | GACM Technologies vs. Univa Foods Limited | GACM Technologies vs. Kingfa Science Technology |
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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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