Correlation Between Facebook and BRONZE INFRA

By analyzing existing cross correlation between Facebook and BRONZE INFRA TECH, you can compare the effects of market volatilities on Facebook and BRONZE INFRA 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 BRONZE INFRA. Check out your portfolio center. Please also check ongoing floating volatility patterns of Facebook and BRONZE INFRA.

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

Diversification Opportunities for Facebook and BRONZE INFRA

  Correlation Coefficient

Pay attention - limited upside

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

Pair Corralation between Facebook and BRONZE INFRA

If you would invest  17,479  in Facebook on June 10, 2020 and sell it today you would earn a total of  7,028  from holding Facebook or generate 40.21% return on investment over 30 days.
Time Period3 Months [change]
ValuesDaily Returns

Facebook Inc  vs.  BRONZE INFRA TECH LTD

 Performance (%) 

Facebook Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Facebook are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, Facebook sustained solid returns over the last few months and may actually be approaching a breakup point.

BRONZE INFRA Risk-Adjusted Performance

Over the last 30 days BRONZE INFRA TECH has generated negative risk-adjusted returns adding no value to investors with long positions. Although quite persistent forward indicators, BRONZE INFRA is not utilizing all of its potentials. The last stock price mess, may contribute to short term losses for the institutional investors.

Facebook and BRONZE INFRA Volatility Contrast


Pair trading matchups for BRONZE INFRA

Check out your portfolio center. Please also try Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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