Correlation Between Industrial Investment and AGI Greenpac

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

By analyzing existing cross correlation between Industrial Investment Trust and AGI Greenpac Limited, you can compare the effects of market volatilities on Industrial Investment and AGI Greenpac 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 Industrial Investment with a short position of AGI Greenpac. Check out your portfolio center. Please also check ongoing floating volatility patterns of Industrial Investment and AGI Greenpac.

Diversification Opportunities for Industrial Investment and AGI Greenpac

0.0

Correlation Coefficient

Industrial Investment  AGI Greenpac

Pay attention - limited upside

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

Pair Corralation between Industrial Investment and AGI Greenpac

If you would invest (100.00) in AGI Greenpac Limited on December 31, 2024 and sell it today you would earn a total of  100.00  from holding AGI Greenpac Limited 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

Industrial Investment Trust  vs.  AGI Greenpac Limited

Industrial Investment

Risk-Adjusted Performance

Very Weak

Over the last 90 days Industrial Investment Trust has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of inconsistent 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.

AGI Greenpac Limited

Risk-Adjusted Performance

Very Weak

Over the last 90 days AGI Greenpac Limited has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound technical and fundamental indicators, AGI Greenpac is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Trading with Industrial Investment and AGI Greenpac

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

The idea behind Industrial Investment Trust and AGI Greenpac Limited 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.