Correlation Analysis Between Kellogg and Farmmi Inc

This module allows you to analyze existing cross correlation between Kellogg Company and Farmmi Inc Ordinary Shares. You can compare the effects of market volatilities on Kellogg and Farmmi Inc 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 Kellogg with a short position of Farmmi Inc. See also your portfolio center. Please also check ongoing floating volatility patterns of Kellogg and Farmmi Inc.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

Kellogg Company  
88

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Kellogg Company are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days. Regardless of fairly weak technical and fundamental indicators, Kellogg may actually be approaching a critical reversion point that can send shares even higher in November 2019.
Farmmi Ordinary Shares  
11

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Farmmi Inc Ordinary Shares are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days. Despite nearly weak fundamental indicators, Farmmi Inc may actually be approaching a critical reversion point that can send shares even higher in November 2019.

Kellogg and Farmmi Inc Volatility Contrast

 Predicted Return Density 
      Returns 

Kellogg Company  vs.  Farmmi Inc Ordinary Shares

 Performance (%) 
      Timeline 

Pair Volatility

Taking into account the 30 trading days horizon, Kellogg Company is expected to generate 0.22 times more return on investment than Farmmi Inc. However, Kellogg Company is 4.65 times less risky than Farmmi Inc. It trades about 0.12 of its potential returns per unit of risk. Farmmi Inc Ordinary Shares is currently generating about 0.02 per unit of risk. If you would invest  5,550  in Kellogg Company on September 15, 2019 and sell it today you would earn a total of  689.00  from holding Kellogg Company or generate 12.41% return on investment over 30 days.

Pair Corralation between Kellogg and Farmmi Inc

-0.41
Time Period3 Months [change]
DirectionNegative 
StrengthVery Weak
Accuracy95.45%
ValuesDaily Returns

Diversification Opportunities for Kellogg and Farmmi Inc

Kellogg Company diversification synergy

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Kellogg Company and Farmmi Inc Ordinary Shares in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Farmmi Ordinary Shares and Kellogg 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 Kellogg Company are associated (or correlated) with Farmmi Inc. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Farmmi Ordinary Shares has no effect on the direction of Kellogg i.e. Kellogg and Farmmi Inc go up and down completely randomly.
See also your portfolio center. Please also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.


 
Search macroaxis.com