Correlation Between SFL and GLENLN
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By analyzing existing cross correlation between SFL Corporation and GLENLN 1625 27 APR 26, you can compare the effects of market volatilities on SFL and GLENLN 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 SFL with a short position of GLENLN. Check out your portfolio center. Please also check ongoing floating volatility patterns of SFL and GLENLN.
Diversification Opportunities for SFL and GLENLN
Modest diversification
The 3 months correlation between SFL and GLENLN is 0.24. Overlapping area represents the amount of risk that can be diversified away by holding SFL Corp. and GLENLN 1625 27 APR 26 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GLENLN 1625 27 and SFL 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 SFL Corporation are associated (or correlated) with GLENLN. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GLENLN 1625 27 has no effect on the direction of SFL i.e., SFL and GLENLN go up and down completely randomly.
Pair Corralation between SFL and GLENLN
Considering the 90-day investment horizon SFL Corporation is expected to generate 4.34 times more return on investment than GLENLN. However, SFL is 4.34 times more volatile than GLENLN 1625 27 APR 26. It trades about 0.02 of its potential returns per unit of risk. GLENLN 1625 27 APR 26 is currently generating about 0.06 per unit of risk. If you would invest 785.00 in SFL Corporation on December 4, 2024 and sell it today you would earn a total of 95.00 from holding SFL Corporation or generate 12.1% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 63.97% |
| Values | Daily Returns |
SFL Corp. vs. GLENLN 1625 27 APR 26
Performance |
| Timeline |
| SFL Corporation |
| GLENLN 1625 27 |
SFL and GLENLN Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SFL and GLENLN
The main advantage of trading using opposite SFL and GLENLN positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SFL position performs unexpectedly, GLENLN 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 GLENLN will offset losses from the drop in GLENLN's long position.The idea behind SFL Corporation and GLENLN 1625 27 APR 26 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.| GLENLN vs. Postal Realty Trust | GLENLN vs. Envista Holdings Corp | GLENLN vs. Qorvo Inc | GLENLN vs. Entegris |
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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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