Correlation Between SFS REAL and STACO INSURANCE
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By analyzing existing cross correlation between SFS REAL ESTATE and STACO INSURANCE PLC, you can compare the effects of market volatilities on SFS REAL and STACO INSURANCE 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 SFS REAL with a short position of STACO INSURANCE. Check out your portfolio center. Please also check ongoing floating volatility patterns of SFS REAL and STACO INSURANCE.
Diversification Opportunities for SFS REAL and STACO INSURANCE
1.0 | Correlation Coefficient |
No risk reduction
The 3 months correlation between SFS and STACO is 1.0. Overlapping area represents the amount of risk that can be diversified away by holding SFS REAL ESTATE and STACO INSURANCE PLC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on STACO INSURANCE PLC and SFS REAL 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 SFS REAL ESTATE are associated (or correlated) with STACO INSURANCE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of STACO INSURANCE PLC has no effect on the direction of SFS REAL i.e., SFS REAL and STACO INSURANCE go up and down completely randomly.
Pair Corralation between SFS REAL and STACO INSURANCE
If you would invest 10,140 in SFS REAL ESTATE on October 13, 2024 and sell it today you would earn a total of 7,805 from holding SFS REAL ESTATE or generate 76.97% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
SFS REAL ESTATE vs. STACO INSURANCE PLC
Performance |
| Timeline |
| SFS REAL ESTATE |
| STACO INSURANCE PLC |
SFS REAL and STACO INSURANCE Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SFS REAL and STACO INSURANCE
The main advantage of trading using opposite SFS REAL and STACO INSURANCE positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SFS REAL position performs unexpectedly, STACO INSURANCE 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 STACO INSURANCE will offset losses from the drop in STACO INSURANCE's long position.| SFS REAL vs. GUINEA INSURANCE PLC | SFS REAL vs. SECURE ELECTRONIC TECHNOLOGY | SFS REAL vs. VFD GROUP | SFS REAL vs. IKEJA HOTELS PLC |
| STACO INSURANCE vs. GUINEA INSURANCE PLC | STACO INSURANCE vs. SECURE ELECTRONIC TECHNOLOGY | STACO INSURANCE vs. SFS REAL ESTATE | STACO INSURANCE vs. VFD GROUP |
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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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