Correlation Between Anterix and VFD GROUP

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

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

Diversification Opportunities for Anterix and VFD GROUP

0.25

Correlation Coefficient

Anterix  VFD GROUP

Modest diversification

The 3 months correlation between Anterix and VFD is 0.25. Overlapping area represents the amount of risk that can be diversified away by holding Anterix and VFD GROUP in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on VFD GROUP and Anterix 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 Anterix are associated (or correlated) with VFD GROUP. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of VFD GROUP has no effect on the direction of Anterix i.e., Anterix and VFD GROUP go up and down completely randomly.

Pair Corralation between Anterix and VFD GROUP

Given the investment horizon of 90 days Anterix is expected to generate 0.81 times more return on investment than VFD GROUP. However, Anterix is 1.24 times less risky than VFD GROUP. It trades about -0.06 of its potential returns per unit of risk. VFD GROUP is currently generating about -0.15 per unit of risk. If you would invest  2,350  in Anterix on July 12, 2025 and sell it today you would lose (252.00) from holding Anterix or give up 10.72% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	96.88%
Values	Daily Returns

Anterix  vs.  VFD GROUP

Anterix

Risk-Adjusted Performance

Weakest

Over the last 90 days Anterix has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unfluctuating performance, the Stock's technical and fundamental indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the company investors.

VFD GROUP

Risk-Adjusted Performance

Weakest

Over the last 90 days VFD GROUP has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of uncertain performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in November 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Pair Trading with Anterix and VFD GROUP

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

The idea behind Anterix and VFD GROUP 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.