Correlation Between Dupont De and Segall Bryant

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

By analyzing existing cross correlation between Dupont De Nemours and Segall Bryant Hamill, you can compare the effects of market volatilities on Dupont De and Segall Bryant 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 Dupont De with a short position of Segall Bryant. Check out your portfolio center. Please also check ongoing floating volatility patterns of Dupont De and Segall Bryant.

Diversification Opportunities for Dupont De and Segall Bryant

0.66

Correlation Coefficient

Dupont De  Segall Bryant

Poor diversification

The 3 months correlation between Dupont and Segall is 0.66. Overlapping area represents the amount of risk that can be diversified away by holding Dupont De Nemours and Segall Bryant Hamill in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Segall Bryant Hamill and Dupont De 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 Dupont De Nemours are associated (or correlated) with Segall Bryant. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Segall Bryant Hamill has no effect on the direction of Dupont De i.e., Dupont De and Segall Bryant go up and down completely randomly.

Pair Corralation between Dupont De and Segall Bryant

Allowing for the 90-day total investment horizon Dupont De is expected to generate 1.73 times less return on investment than Segall Bryant. In addition to that, Dupont De is 2.32 times more volatile than Segall Bryant Hamill. It trades about 0.08 of its total potential returns per unit of risk. Segall Bryant Hamill is currently generating about 0.3 per unit of volatility. If you would invest  1,247  in Segall Bryant Hamill on May 16, 2025 and sell it today you would earn a total of  168.00  from holding Segall Bryant Hamill or generate 13.47% return on investment over 90 days.

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

Dupont De Nemours  vs.  Segall Bryant Hamill

Dupont De Nemours

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Dupont De Nemours are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of rather unfluctuating fundamental indicators, Dupont De may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Segall Bryant Hamill

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Segall Bryant Hamill are ranked lower than 23 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak forward indicators, Segall Bryant showed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Dupont De and Segall Bryant

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

The idea behind Dupont De Nemours and Segall Bryant Hamill 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.