Correlation Between Canadian General and Prologic Management

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

By analyzing existing cross correlation between Canadian General Investments and Prologic Management Systems, you can compare the effects of market volatilities on Canadian General and Prologic Management 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 Canadian General with a short position of Prologic Management. Check out your portfolio center. Please also check ongoing floating volatility patterns of Canadian General and Prologic Management.

Diversification Opportunities for Canadian General and Prologic Management

0.0

Correlation Coefficient

Canadian General  Prologic Management

Pay attention - limited upside

The 3 months correlation between Canadian and Prologic is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Canadian General Investments and Prologic Management Systems in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Prologic Management and Canadian General 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 Canadian General Investments are associated (or correlated) with Prologic Management. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Prologic Management has no effect on the direction of Canadian General i.e., Canadian General and Prologic Management go up and down completely randomly.

Pair Corralation between Canadian General and Prologic Management

If you would invest  3,145  in Canadian General Investments on September 7, 2025 and sell it today you would earn a total of  83.00  from holding Canadian General Investments or generate 2.64% return on investment over 90 days.

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

Canadian General Investments  vs.  Prologic Management Systems

Canadian General Inv

Risk-Adjusted Performance

Soft

Over the last 90 days Canadian General Investments has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable forward indicators, Canadian General is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Prologic Management

Risk-Adjusted Performance

Weakest

Over the last 90 days Prologic Management Systems has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy essential indicators, Prologic Management is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors.

Pair Trading with Canadian General and Prologic Management

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

The idea behind Canadian General Investments and Prologic Management Systems 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .