Correlation Between Samsung Electronics and Crescera Capital
Can any of the company-specific risk be diversified away by investing in both Samsung Electronics and Crescera Capital 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 Samsung Electronics and Crescera Capital into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Samsung Electronics Co and Crescera Capital Acquisition, you can compare the effects of market volatilities on Samsung Electronics and Crescera Capital 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 Samsung Electronics with a short position of Crescera Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Samsung Electronics and Crescera Capital.
Diversification Opportunities for Samsung Electronics and Crescera Capital
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Samsung and Crescera is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Samsung Electronics Co and Crescera Capital Acquisition in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Crescera Capital Acq and Samsung Electronics 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 Samsung Electronics Co are associated (or correlated) with Crescera Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Crescera Capital Acq has no effect on the direction of Samsung Electronics i.e., Samsung Electronics and Crescera Capital go up and down completely randomly.
Pair Corralation between Samsung Electronics and Crescera Capital
If you would invest (100.00) in Crescera Capital Acquisition on November 28, 2024 and sell it today you would earn a total of 100.00 from holding Crescera Capital Acquisition or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Samsung Electronics Co vs. Crescera Capital Acquisition
Performance |
| Timeline |
| Samsung Electronics |
| Crescera Capital Acq |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Samsung Electronics and Crescera Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Samsung Electronics and Crescera Capital
The main advantage of trading using opposite Samsung Electronics and Crescera Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Samsung Electronics position performs unexpectedly, Crescera Capital 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 Crescera Capital will offset losses from the drop in Crescera Capital's long position.| Samsung Electronics vs. Universal Electronics | Samsung Electronics vs. VOXX International | Samsung Electronics vs. Sony Group Corp | Samsung Electronics vs. TCL Electronics Holdings |
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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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