Correlation Between Cint Group and Greater Than

Can any of the company-specific risk be diversified away by investing in both Cint Group and Greater Than 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 Cint Group and Greater Than into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Cint Group AB and Greater Than AB, you can compare the effects of market volatilities on Cint Group and Greater Than 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 Cint Group with a short position of Greater Than. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cint Group and Greater Than.

Diversification Opportunities for Cint Group and Greater Than

0.23

Correlation Coefficient

Cint Group  Greater Than

Modest diversification

The 3 months correlation between Cint and Greater is 0.23. Overlapping area represents the amount of risk that can be diversified away by holding Cint Group AB and Greater Than AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Greater Than AB and Cint Group 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 Cint Group AB are associated (or correlated) with Greater Than. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Greater Than AB has no effect on the direction of Cint Group i.e., Cint Group and Greater Than go up and down completely randomly.

Pair Corralation between Cint Group and Greater Than

Assuming the 90 days trading horizon Cint Group AB is expected to under-perform the Greater Than. In addition to that, Cint Group is 1.16 times more volatile than Greater Than AB. It trades about -0.18 of its total potential returns per unit of risk. Greater Than AB is currently generating about 0.03 per unit of volatility. If you would invest  2,650  in Greater Than AB on December 31, 2024 and sell it today you would earn a total of  50.00  from holding Greater Than AB or generate 1.89% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	100.0%
Values	Daily Returns

Cint Group AB  vs.  Greater Than AB

Cint Group AB

Risk-Adjusted Performance

Very Weak

Over the last 90 days Cint Group AB has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of uncertain performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in May 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Greater Than AB

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Greater Than AB are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, Greater Than may actually be approaching a critical reversion point that can send shares even higher in May 2025.

Pair Trading with Cint Group and Greater Than

The main advantage of trading using opposite Cint Group and Greater Than positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cint Group position performs unexpectedly, Greater Than 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 Greater Than will offset losses from the drop in Greater Than's long position.

The idea behind Cint Group AB and Greater Than AB 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.

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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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.