Correlation Between G Capital and Filter Vision

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

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

Diversification Opportunities for G Capital and Filter Vision

0.68

Correlation Coefficient

G Capital  Filter Vision

Poor diversification

The 3 months correlation between GCAP and Filter is 0.68. Overlapping area represents the amount of risk that can be diversified away by holding G Capital Public and Filter Vision Public in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Filter Vision Public and G Capital 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 G Capital Public are associated (or correlated) with Filter Vision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Filter Vision Public has no effect on the direction of G Capital i.e., G Capital and Filter Vision go up and down completely randomly.

Pair Corralation between G Capital and Filter Vision

Assuming the 90 days trading horizon G Capital Public is expected to generate 1.26 times more return on investment than Filter Vision. However, G Capital is 1.26 times more volatile than Filter Vision Public. It trades about 0.05 of its potential returns per unit of risk. Filter Vision Public is currently generating about 0.01 per unit of risk. If you would invest  28.00  in G Capital Public on May 12, 2025 and sell it today you would earn a total of  2.00  from holding G Capital Public or generate 7.14% return on investment over 90 days.

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

G Capital Public  vs.  Filter Vision Public

G Capital Public

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in G Capital Public are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite quite conflicting forward-looking signals, G Capital may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Filter Vision Public

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Filter Vision Public are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite quite persistent fundamental indicators, Filter Vision is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors.

Pair Trading with G Capital and Filter Vision

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

The idea behind G Capital Public and Filter Vision Public 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.