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Correlation Between Marvell Technology and GAN SHMUEL

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

Marvell Technology  
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Risk-Adjusted Performance

Over the last 30 days Marvell Technology Group Ltd has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Marvell Technology is not utilizing all of its potentials. The ongoing stock price chaos, may contribute to medium term losses for the stakeholders.
GAN SHMUEL FOODS  
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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.

Marvell Technology and GAN SHMUEL Volatility Contrast

 Predicted Return Density 
    
  Returns 

Marvell Technology Group Ltd  vs.  GAN SHMUEL FOODS

 Performance (%) 
    
  Timeline 

Pair Volatility

If you would invest  0.00  in GAN SHMUEL FOODS on January 19, 2020 and sell it today you would earn a total of  0.00  from holding GAN SHMUEL FOODS or generate 0.0% return on investment over 30 days.

Pair Corralation between Marvell Technology and GAN SHMUEL

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Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy1.64%
ValuesDaily Returns

Diversification Opportunities for Marvell Technology and GAN SHMUEL

Marvell Technology Group Ltd diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Marvell Technology Group Ltd 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 Marvell Technology 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 Marvell Technology Group Ltd 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 Marvell Technology i.e. Marvell Technology and GAN SHMUEL go up and down completely randomly.
Check out your portfolio center. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.