Correlation Between GA EXpress and GivBux

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

By analyzing existing cross correlation between GA eXpress and GivBux Inc, you can compare the effects of market volatilities on GA EXpress and GivBux 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 GA EXpress with a short position of GivBux. Check out your portfolio center. Please also check ongoing floating volatility patterns of GA EXpress and GivBux.

Diversification Opportunities for GA EXpress and GivBux

0.0

Correlation Coefficient

GA EXpress  GivBux

Pay attention - limited upside

The 3 months correlation between GAEX and GivBux is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding GA eXpress and GivBux Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GivBux Inc and GA EXpress 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 GA eXpress are associated (or correlated) with GivBux. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GivBux Inc has no effect on the direction of GA EXpress i.e., GA EXpress and GivBux go up and down completely randomly.

Pair Corralation between GA EXpress and GivBux

If you would invest  115.00  in GivBux Inc on December 18, 2024 and sell it today you would earn a total of  284.00  from holding GivBux Inc or generate 246.96% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.41%
Values	Daily Returns

GA eXpress  vs.  GivBux Inc

GA eXpress

Risk-Adjusted Performance

Very Weak

Over the last 90 days GA eXpress has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong technical and fundamental indicators, GA EXpress is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

GivBux Inc

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in GivBux Inc are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of fairly uncertain basic indicators, GivBux showed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with GA EXpress and GivBux

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

The idea behind GA eXpress and GivBux Inc 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.