Correlation Between Saul Centers and Greif Bros

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

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

Diversification Opportunities for Saul Centers and Greif Bros

0.28

Correlation Coefficient

Saul Centers  Greif Bros

Modest diversification

The 3 months correlation between Saul and Greif is 0.28. Overlapping area represents the amount of risk that can be diversified away by holding Saul Centers and Greif Bros in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Greif Bros and Saul Centers 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 Saul Centers are associated (or correlated) with Greif Bros. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Greif Bros has no effect on the direction of Saul Centers i.e., Saul Centers and Greif Bros go up and down completely randomly.

Pair Corralation between Saul Centers and Greif Bros

Considering the 90-day investment horizon Saul Centers is expected to under-perform the Greif Bros. But the stock apears to be less risky and, when comparing its historical volatility, Saul Centers is 1.07 times less risky than Greif Bros. The stock trades about -0.11 of its potential returns per unit of risk. The Greif Bros is currently generating about 0.1 of returns per unit of risk over similar time horizon. If you would invest  6,081  in Greif Bros on September 5, 2025 and sell it today you would earn a total of  452.00  from holding Greif Bros or generate 7.43% return on investment over 90 days.

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

Saul Centers  vs.  Greif Bros

Saul Centers

Risk-Adjusted Performance

Weakest

Over the last 90 days Saul Centers has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest uncertain performance, the Stock's technical and fundamental indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors.

Greif Bros

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Greif Bros are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile technical and fundamental indicators, Greif Bros may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Pair Trading with Saul Centers and Greif Bros

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

The idea behind Saul Centers and Greif Bros 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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.