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Correlation Between Facebook and GAN SHMUEL

Analyzing existing cross correlation between Facebook and GAN SHMUEL FOODS. You can compare the effects of market volatilities on Facebook and GAN SHMUEL 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 Facebook with a short position of GAN SHMUEL. Check out your portfolio center. Please also check ongoing floating volatility patterns of Facebook and GAN SHMUEL.

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Diversification Opportunities for Facebook and GAN SHMUEL

Facebook Inc diversification synergy
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Pay attention - limited upside

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

Pair Corralation between Facebook and GAN SHMUEL

If you would invest (100.00)  in GAN SHMUEL FOODS on January 26, 2020 and sell it today you would earn a total of  100.00  from holding GAN SHMUEL FOODS or generate -100.0% return on investment over 30 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Facebook Inc  vs.  GAN SHMUEL FOODS

 Performance (%) 
    
  Timeline 
Facebook 
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Risk-Adjusted Performance

Over the last 30 days Facebook has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Facebook is not utilizing all of its potentials. The late stock price disturbance, may contribute to short term losses for the investors.
GAN SHMUEL FOODS 
00

Risk-Adjusted Performance

Over the last 30 days GAN SHMUEL FOODS has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, GAN SHMUEL is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

Facebook and GAN SHMUEL Volatility Contrast

GAN SHMUEL FOODS

Pair trading matchups for GAN SHMUEL

Check out your portfolio center. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.