Correlation Between SLIGRO FOOD and US Physical

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

By analyzing existing cross correlation between SLIGRO FOOD GROUP and US Physical Therapy, you can compare the effects of market volatilities on SLIGRO FOOD and US Physical 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 SLIGRO FOOD with a short position of US Physical. Check out your portfolio center. Please also check ongoing floating volatility patterns of SLIGRO FOOD and US Physical.

Diversification Opportunities for SLIGRO FOOD and US Physical

0.29

Correlation Coefficient

SLIGRO FOOD  US Physical

Modest diversification

The 3 months correlation between SLIGRO and UPH is 0.29. Overlapping area represents the amount of risk that can be diversified away by holding SLIGRO FOOD GROUP and US Physical Therapy in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on US Physical Therapy and SLIGRO FOOD 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 SLIGRO FOOD GROUP are associated (or correlated) with US Physical. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of US Physical Therapy has no effect on the direction of SLIGRO FOOD i.e., SLIGRO FOOD and US Physical go up and down completely randomly.

Pair Corralation between SLIGRO FOOD and US Physical

Assuming the 90 days trading horizon SLIGRO FOOD GROUP is expected to under-perform the US Physical. In addition to that, SLIGRO FOOD is 1.29 times more volatile than US Physical Therapy. It trades about -0.04 of its total potential returns per unit of risk. US Physical Therapy is currently generating about 0.04 per unit of volatility. If you would invest  6,263  in US Physical Therapy on May 5, 2025 and sell it today you would earn a total of  287.00  from holding US Physical Therapy or generate 4.58% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	100.0%
Values	Daily Returns

SLIGRO FOOD GROUP  vs.  US Physical Therapy

SLIGRO FOOD GROUP

Risk-Adjusted Performance

Very Weak

Over the last 90 days SLIGRO FOOD GROUP has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, SLIGRO FOOD is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors.

US Physical Therapy

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in US Physical Therapy are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable basic indicators, US Physical is not utilizing all of its potentials. The newest stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with SLIGRO FOOD and US Physical

The main advantage of trading using opposite SLIGRO FOOD and US Physical positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SLIGRO FOOD position performs unexpectedly, US Physical 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 US Physical will offset losses from the drop in US Physical's long position.

The idea behind SLIGRO FOOD GROUP and US Physical Therapy 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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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 the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.