Correlation Analysis Between GEE and Korn Ferry

Analyzing existing cross correlation between GEE Group and Korn Ferry. You can compare the effects of market volatilities on GEE and Korn Ferry 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 Korn Ferry. See also your portfolio center. Please also check ongoing floating volatility patterns of GEE and Korn Ferry.
Horizon     30 Days    Login   to change
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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.
Korn Ferry  
1515

Risk-Adjusted Performance

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

GEE and Korn Ferry Volatility Contrast

 Predicted Return Density 
    
  Returns 

GEE Group Inc  vs.  Korn Ferry

 Performance (%) 
    
  Timeline 

Pair Volatility

Considering 30-days investment horizon, GEE Group is expected to under-perform the Korn Ferry. In addition to that, GEE is 5.77 times more volatile than Korn Ferry. It trades about -0.15 of its total potential returns per unit of risk. Korn Ferry is currently generating about 0.23 per unit of volatility. If you would invest  3,678  in Korn Ferry on December 18, 2019 and sell it today you would earn a total of  621.00  from holding Korn Ferry or generate 16.88% return on investment over 30 days.

Pair Corralation between GEE and Korn Ferry

-0.81
Time Period3 Months [change]
DirectionNegative 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for GEE and Korn Ferry

GEE Group Inc diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding GEE Group Inc and Korn Ferry in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Korn Ferry 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 Korn Ferry. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Korn Ferry has no effect on the direction of GEE i.e. GEE and Korn Ferry go up and down completely randomly.
See also your portfolio center. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.