Correlation Between Graphene Solar and Link Real

Can any of the company-specific risk be diversified away by investing in both Graphene Solar and Link Real 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 Graphene Solar and Link Real into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Graphene Solar Technologies and Link Real Estate, you can compare the effects of market volatilities on Graphene Solar and Link Real 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 Graphene Solar with a short position of Link Real. Check out your portfolio center. Please also check ongoing floating volatility patterns of Graphene Solar and Link Real.

Diversification Opportunities for Graphene Solar and Link Real

-0.55

Correlation Coefficient

Graphene Solar  Link Real

Excellent diversification

The 3 months correlation between Graphene and Link is -0.55. Overlapping area represents the amount of risk that can be diversified away by holding Graphene Solar Technologies and Link Real Estate in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Link Real Estate and Graphene Solar 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 Graphene Solar Technologies are associated (or correlated) with Link Real. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Link Real Estate has no effect on the direction of Graphene Solar i.e., Graphene Solar and Link Real go up and down completely randomly.

Pair Corralation between Graphene Solar and Link Real

Given the investment horizon of 90 days Graphene Solar Technologies is expected to under-perform the Link Real. In addition to that, Graphene Solar is 4.0 times more volatile than Link Real Estate. It trades about -0.05 of its total potential returns per unit of risk. Link Real Estate is currently generating about 0.09 per unit of volatility. If you would invest  463.00  in Link Real Estate on May 2, 2025 and sell it today you would earn a total of  75.00  from holding Link Real Estate or generate 16.2% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	96.83%
Values	Daily Returns

Graphene Solar Technologies  vs.  Link Real Estate

Graphene Solar Techn

Risk-Adjusted Performance

Very Weak

Over the last 90 days Graphene Solar Technologies has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in August 2025. The current disturbance may also be a sign of long term up-swing for the company investors.

Link Real Estate

Risk-Adjusted Performance

Modest

Compared to the overall equity markets, risk-adjusted returns on investments in Link Real Estate are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak technical and fundamental indicators, Link Real reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Graphene Solar and Link Real

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

The idea behind Graphene Solar Technologies and Link Real Estate 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.