Correlation Between WSFS Financial and ScanTech
Can any of the company-specific risk be diversified away by investing in both WSFS Financial and ScanTech 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 WSFS Financial and ScanTech into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between WSFS Financial and ScanTech AI Systems, you can compare the effects of market volatilities on WSFS Financial and ScanTech 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 WSFS Financial with a short position of ScanTech. Check out your portfolio center. Please also check ongoing floating volatility patterns of WSFS Financial and ScanTech.
Diversification Opportunities for WSFS Financial and ScanTech
-0.8 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between WSFS and ScanTech is -0.8. Overlapping area represents the amount of risk that can be diversified away by holding WSFS Financial and ScanTech AI Systems in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ScanTech AI Systems and WSFS Financial 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 WSFS Financial are associated (or correlated) with ScanTech. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ScanTech AI Systems has no effect on the direction of WSFS Financial i.e., WSFS Financial and ScanTech go up and down completely randomly.
Pair Corralation between WSFS Financial and ScanTech
Given the investment horizon of 90 days WSFS Financial is expected to generate 0.18 times more return on investment than ScanTech. However, WSFS Financial is 5.46 times less risky than ScanTech. It trades about 0.03 of its potential returns per unit of risk. ScanTech AI Systems is currently generating about -0.05 per unit of risk. If you would invest 4,607 in WSFS Financial on October 18, 2025 and sell it today you would earn a total of 1,112 from holding WSFS Financial or generate 24.14% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 80.57% |
| Values | Daily Returns |
WSFS Financial vs. ScanTech AI Systems
Performance |
| Timeline |
| WSFS Financial |
| ScanTech AI Systems |
WSFS Financial and ScanTech Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with WSFS Financial and ScanTech
The main advantage of trading using opposite WSFS Financial and ScanTech positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if WSFS Financial position performs unexpectedly, ScanTech 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 ScanTech will offset losses from the drop in ScanTech's long position.| WSFS Financial vs. First Financial Bancorp | WSFS Financial vs. Washington Federal | WSFS Financial vs. Banner | WSFS Financial vs. NBT Bancorp |
| ScanTech vs. Electra Battery Materials | ScanTech vs. SenesTech | ScanTech vs. Huadi International Group | ScanTech vs. Algoma Steel 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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