Correlation Between Comcast Corp and Clifford Capital

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

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

Diversification Opportunities for Comcast Corp and Clifford Capital

-0.44

Correlation Coefficient

Comcast Corp  Clifford Capital

Very good diversification

The 3 months correlation between Comcast and CLIFFORD is -0.44. Overlapping area represents the amount of risk that can be diversified away by holding Comcast Corp and Clifford Capital Partners in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Clifford Capital Partners and Comcast Corp 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 Comcast Corp are associated (or correlated) with Clifford Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Clifford Capital Partners has no effect on the direction of Comcast Corp i.e., Comcast Corp and Clifford Capital go up and down completely randomly.

Pair Corralation between Comcast Corp and Clifford Capital

Assuming the 90 days horizon Comcast Corp is expected to under-perform the Clifford Capital. In addition to that, Comcast Corp is 1.53 times more volatile than Clifford Capital Partners. It trades about -0.14 of its total potential returns per unit of risk. Clifford Capital Partners is currently generating about 0.1 per unit of volatility. If you would invest  2,099  in Clifford Capital Partners on July 11, 2025 and sell it today you would earn a total of  106.00  from holding Clifford Capital Partners or generate 5.05% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	98.44%
Values	Daily Returns

Comcast Corp  vs.  Clifford Capital Partners

Comcast Corp

Risk-Adjusted Performance

Weakest

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

Clifford Capital Partners

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Clifford Capital Partners are ranked lower than 7 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong technical and fundamental indicators, Clifford Capital is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Comcast Corp and Clifford Capital

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

The idea behind Comcast Corp and Clifford Capital Partners 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.