Correlation Analysis Between Insperity and GEE

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

Insperity  
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Risk-Adjusted Performance

Over the last 30 days Insperity has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite very unfluctuating forward-looking indicators, Insperity is not utilizing all of its potentials. The current stock price disarray, may contribute to short term momentum losses for the insiders.
GEE Group  
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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.

Insperity and GEE Volatility Contrast

 Predicted Return Density 
    
  Returns 

Insperity Inc  vs.  GEE Group Inc

 Performance (%) 
    
  Timeline 

Pair Volatility

Considering 30-days investment horizon, Insperity is expected to generate 0.69 times more return on investment than GEE. However, Insperity is 1.45 times less risky than GEE. It trades about -0.01 of its potential returns per unit of risk. GEE Group is currently generating about -0.15 per unit of risk. If you would invest  10,438  in Insperity on December 18, 2019 and sell it today you would lose (1,118)  from holding Insperity or give up 10.71% of portfolio value over 30 days.

Pair Corralation between Insperity and GEE

0.59
Time Period3 Months [change]
DirectionPositive 
StrengthWeak
Accuracy98.39%
ValuesDaily Returns

Diversification Opportunities for Insperity and GEE

Insperity Inc diversification synergy

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Insperity Inc and GEE Group Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on GEE Group and Insperity 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 Insperity are associated (or correlated) with GEE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GEE Group has no effect on the direction of Insperity i.e. Insperity and GEE 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.