Correlation Between Ford and Genesis Technology

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Can any of the company-specific risk be diversified away by investing in both Ford and Genesis Technology 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 Ford and Genesis Technology into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Ford Motor and Genesis Technology, you can compare the effects of market volatilities on Ford and Genesis Technology 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 Ford with a short position of Genesis Technology. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ford and Genesis Technology.

Diversification Opportunities for Ford and Genesis Technology

  Correlation Coefficient

Pay attention - limited upside

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

Pair Corralation between Ford and Genesis Technology

If you would invest  1,255  in Ford Motor on January 1, 2023 and sell it today you would earn a total of  5.00  from holding Ford Motor or generate 0.4% return on investment over 90 days.
Time Period3 Months [change]
ValuesDaily Returns

Ford Motor  vs.  Genesis Technology

 Performance (%) 
Ford Motor 

Ford Performance

7 of 100

Compared to the overall equity markets, risk-adjusted returns on investments in Ford Motor are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite nearly unsteady technical and fundamental indicators, Ford reported solid returns over the last few months and may actually be approaching a breakup point.
Genesis Technology 

Genesis Performance

0 of 100

Over the last 90 days Genesis Technology has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, Genesis Technology is not utilizing all of its potentials. The current stock price fuss, may contribute to near-short-term losses for the sophisticated investors.

Ford and Genesis Technology Volatility Contrast

   Predicted Return Density   

Pair Trading with Ford and Genesis Technology

The main advantage of trading using opposite Ford and Genesis Technology positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ford position performs unexpectedly, Genesis Technology 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 Genesis Technology will offset losses from the drop in Genesis Technology's long position.
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The idea behind Ford Motor and Genesis Technology 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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Check out your portfolio center. 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 Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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