Correlation Between Gorilla Technology and Gyre Therapeutics

Can any of the company-specific risk be diversified away by investing in both Gorilla Technology and Gyre Therapeutics 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 Gorilla Technology and Gyre Therapeutics into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Gorilla Technology Group and Gyre Therapeutics, you can compare the effects of market volatilities on Gorilla Technology and Gyre Therapeutics 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 Gorilla Technology with a short position of Gyre Therapeutics. Check out your portfolio center. Please also check ongoing floating volatility patterns of Gorilla Technology and Gyre Therapeutics.

Diversification Opportunities for Gorilla Technology and Gyre Therapeutics

-0.39

Correlation Coefficient

Gorilla Technology  Gyre Therapeutics

Very good diversification

The 3 months correlation between Gorilla and Gyre is -0.39. Overlapping area represents the amount of risk that can be diversified away by holding Gorilla Technology Group and Gyre Therapeutics in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Gyre Therapeutics and Gorilla Technology 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 Gorilla Technology Group are associated (or correlated) with Gyre Therapeutics. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gyre Therapeutics has no effect on the direction of Gorilla Technology i.e., Gorilla Technology and Gyre Therapeutics go up and down completely randomly.

Pair Corralation between Gorilla Technology and Gyre Therapeutics

Given the investment horizon of 90 days Gorilla Technology Group is expected to generate 1.25 times more return on investment than Gyre Therapeutics. However, Gorilla Technology is 1.25 times more volatile than Gyre Therapeutics. It trades about 0.06 of its potential returns per unit of risk. Gyre Therapeutics is currently generating about -0.03 per unit of risk. If you would invest  1,485  in Gorilla Technology Group on May 7, 2025 and sell it today you would earn a total of  154.00  from holding Gorilla Technology Group or generate 10.37% return on investment over 90 days.

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

Gorilla Technology Group  vs.  Gyre Therapeutics

Gorilla Technology

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in Gorilla Technology Group are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Even with relatively unsteady basic indicators, Gorilla Technology reported solid returns over the last few months and may actually be approaching a breakup point.

Gyre Therapeutics

Risk-Adjusted Performance

Very Weak

Over the last 90 days Gyre Therapeutics has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest uncertain performance, the Stock's basic indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for the firm shareholders.

Pair Trading with Gorilla Technology and Gyre Therapeutics

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

The idea behind Gorilla Technology Group and Gyre Therapeutics 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..