Correlation Between Getty Realty and ScanTech

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

By analyzing existing cross correlation between Getty Realty and ScanTech AI Systems, you can compare the effects of market volatilities on Getty Realty and ScanTech 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 Getty Realty with a short position of ScanTech. Check out your portfolio center. Please also check ongoing floating volatility patterns of Getty Realty and ScanTech.

Diversification Opportunities for Getty Realty and ScanTech

0.12

Correlation Coefficient

Getty Realty  ScanTech

Average diversification

The 3 months correlation between Getty and ScanTech is 0.12. Overlapping area represents the amount of risk that can be diversified away by holding Getty Realty and ScanTech AI Systems in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ScanTech AI Systems and Getty Realty 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 Getty Realty are associated (or correlated) with ScanTech. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ScanTech AI Systems has no effect on the direction of Getty Realty i.e., Getty Realty and ScanTech go up and down completely randomly.

Pair Corralation between Getty Realty and ScanTech

Considering the 90-day investment horizon Getty Realty is expected to generate 0.09 times more return on investment than ScanTech. However, Getty Realty is 11.01 times less risky than ScanTech. It trades about -0.02 of its potential returns per unit of risk. ScanTech AI Systems is currently generating about -0.04 per unit of risk. If you would invest  2,868  in Getty Realty on May 17, 2025 and sell it today you would lose (44.00) from holding Getty Realty or give up 1.53% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Insignificant
Accuracy	98.39%
Values	Daily Returns

Getty Realty  vs.  ScanTech AI Systems

Getty Realty

Risk-Adjusted Performance

Weakest

Over the last 90 days Getty Realty has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, Getty Realty is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors.

ScanTech AI Systems

Risk-Adjusted Performance

Weakest

Over the last 90 days ScanTech AI Systems has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unfluctuating performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in September 2025. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

Pair Trading with Getty Realty and ScanTech

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

The idea behind Getty Realty and ScanTech AI Systems 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.