Correlation Between SLR Investment and INTUITIVE INVGRP
Can any of the company-specific risk be diversified away by investing in both SLR Investment and INTUITIVE INVGRP 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 SLR Investment and INTUITIVE INVGRP into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between SLR Investment Corp and INTUITIVE INVGRP LS, you can compare the effects of market volatilities on SLR Investment and INTUITIVE INVGRP 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 SLR Investment with a short position of INTUITIVE INVGRP. Check out your portfolio center. Please also check ongoing floating volatility patterns of SLR Investment and INTUITIVE INVGRP.
Diversification Opportunities for SLR Investment and INTUITIVE INVGRP
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between SLR and INTUITIVE is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding SLR Investment Corp and INTUITIVE INVGRP LS in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on INTUITIVE INVGRP and SLR Investment 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 SLR Investment Corp are associated (or correlated) with INTUITIVE INVGRP. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of INTUITIVE INVGRP has no effect on the direction of SLR Investment i.e., SLR Investment and INTUITIVE INVGRP go up and down completely randomly.
Pair Corralation between SLR Investment and INTUITIVE INVGRP
If you would invest 1,427 in SLR Investment Corp on August 30, 2024 and sell it today you would earn a total of 152.00 from holding SLR Investment Corp or generate 10.65% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 95.65% |
| Values | Daily Returns |
SLR Investment Corp vs. INTUITIVE INVGRP LS
Performance |
| Timeline |
| SLR Investment Corp |
| INTUITIVE INVGRP |
SLR Investment and INTUITIVE INVGRP Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SLR Investment and INTUITIVE INVGRP
The main advantage of trading using opposite SLR Investment and INTUITIVE INVGRP positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SLR Investment position performs unexpectedly, INTUITIVE INVGRP 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 INTUITIVE INVGRP will offset losses from the drop in INTUITIVE INVGRP's long position.| SLR Investment vs. ACCSYS TECHPLC EO | SLR Investment vs. TRADEGATE | SLR Investment vs. CARSALESCOM | SLR Investment vs. Vastned Retail NV |
| INTUITIVE INVGRP vs. ATOSS SOFTWARE | INTUITIVE INVGRP vs. PICKN PAY STORES | INTUITIVE INVGRP vs. SPARTAN STORES | INTUITIVE INVGRP vs. Alfa Financial Software |
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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