Correlation Between Bee Vectoring and CEMEX SAB

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

By analyzing existing cross correlation between Bee Vectoring Technologies and CEMEX SAB de, you can compare the effects of market volatilities on Bee Vectoring and CEMEX SAB 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 Bee Vectoring with a short position of CEMEX SAB. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bee Vectoring and CEMEX SAB.

Diversification Opportunities for Bee Vectoring and CEMEX SAB

0.03

Correlation Coefficient

Bee Vectoring  CEMEX SAB

Significant diversification

The 3 months correlation between Bee and CEMEX is 0.03. Overlapping area represents the amount of risk that can be diversified away by holding Bee Vectoring Technologies and CEMEX SAB de in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CEMEX SAB de and Bee Vectoring 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 Bee Vectoring Technologies are associated (or correlated) with CEMEX SAB. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CEMEX SAB de has no effect on the direction of Bee Vectoring i.e., Bee Vectoring and CEMEX SAB go up and down completely randomly.

Pair Corralation between Bee Vectoring and CEMEX SAB

Assuming the 90 days horizon Bee Vectoring Technologies is expected to generate 6.06 times more return on investment than CEMEX SAB. However, Bee Vectoring is 6.06 times more volatile than CEMEX SAB de. It trades about 0.08 of its potential returns per unit of risk. CEMEX SAB de is currently generating about 0.21 per unit of risk. If you would invest  0.80  in Bee Vectoring Technologies on May 3, 2025 and sell it today you would earn a total of  0.10  from holding Bee Vectoring Technologies or generate 12.5% return on investment over 90 days.

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

Bee Vectoring Technologies  vs.  CEMEX SAB de

Bee Vectoring Techno

Risk-Adjusted Performance

Modest

Compared to the overall equity markets, risk-adjusted returns on investments in Bee Vectoring Technologies are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Bee Vectoring reported solid returns over the last few months and may actually be approaching a breakup point.

CEMEX SAB de

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in CEMEX SAB de are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Despite nearly unsteady basic indicators, CEMEX SAB reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Bee Vectoring and CEMEX SAB

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

The idea behind Bee Vectoring Technologies and CEMEX SAB de 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 Money Managers module to screen money managers from public funds and ETFs managed around the world.