Correlation Analysis Between GEE and DLH Holdings

Analyzing existing cross correlation between GEE Group and DLH Holdings Corp. You can compare the effects of market volatilities on GEE and DLH Holdings 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 GEE with a short position of DLH Holdings. See also your portfolio center. Please also check ongoing floating volatility patterns of GEE and DLH Holdings.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

GEE Group  
00

Risk-Adjusted Performance

Over the last 30 days GEE Group has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in February 2020. The current disturbance may also be a sign of long term up-swing for the company investors.
DLH Holdings Corp  
55

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in DLH Holdings Corp are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days. Despite somewhat unfluctuating basic indicators, DLH Holdings sustained solid returns over the last few months and may actually be approaching a breakup point.

GEE and DLH Holdings Volatility Contrast

 Predicted Return Density 
    
  Returns 

GEE Group Inc  vs.  DLH Holdings Corp

 Performance (%) 
    
  Timeline 

Pair Volatility

Considering 30-days investment horizon, GEE Group is expected to under-perform the DLH Holdings. In addition to that, GEE is 2.2 times more volatile than DLH Holdings Corp. It trades about -0.15 of its total potential returns per unit of risk. DLH Holdings Corp is currently generating about 0.08 per unit of volatility. If you would invest  424.00  in DLH Holdings Corp on December 18, 2019 and sell it today you would earn a total of  57.00  from holding DLH Holdings Corp or generate 13.44% return on investment over 30 days.

Pair Corralation between GEE and DLH Holdings

0.17
Time Period3 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy98.39%
ValuesDaily Returns

Diversification Opportunities for GEE and DLH Holdings

GEE Group Inc diversification synergy

Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding GEE Group Inc and DLH Holdings Corp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on DLH Holdings Corp and GEE 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 GEE Group are associated (or correlated) with DLH Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DLH Holdings Corp has no effect on the direction of GEE i.e. GEE and DLH Holdings go up and down completely randomly.
See also your portfolio center. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.