Correlation Between Infinite Group, and GBT Technologies

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

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

Diversification Opportunities for Infinite Group, and GBT Technologies

0.0

Correlation Coefficient

Infinite Group,  GBT Technologies

Pay attention - limited upside

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

Pair Corralation between Infinite Group, and GBT Technologies

If you would invest  0.05  in GBT Technologies on December 3, 2024 and sell it today you would lose (0.04) from holding GBT Technologies or give up 80.0% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Infinite Group, Common  vs.  GBT Technologies

Infinite Group, Common

Risk-Adjusted Performance

Very Weak

Over the last 90 days Infinite Group, Common has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong fundamental indicators, Infinite Group, is not utilizing all of its potentials. The latest stock price confusion, may contribute to short-horizon losses for the traders.

GBT Technologies

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in GBT Technologies are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. Despite fairly weak fundamental indicators, GBT Technologies demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Infinite Group, and GBT Technologies

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

The idea behind Infinite Group, Common and GBT Technologies 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.