Correlation Between Humble Fume and Pyxus International

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

By analyzing existing cross correlation between Humble Fume and Pyxus International, you can compare the effects of market volatilities on Humble Fume and Pyxus International 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 Humble Fume with a short position of Pyxus International. Check out your portfolio center. Please also check ongoing floating volatility patterns of Humble Fume and Pyxus International.

Diversification Opportunities for Humble Fume and Pyxus International

0.0

Correlation Coefficient

Humble Fume  Pyxus International

Pay attention - limited upside

The 3 months correlation between Humble and Pyxus is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Humble Fume and Pyxus International in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Pyxus International and Humble Fume 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 Humble Fume are associated (or correlated) with Pyxus International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Pyxus International has no effect on the direction of Humble Fume i.e., Humble Fume and Pyxus International go up and down completely randomly.

Pair Corralation between Humble Fume and Pyxus International

If you would invest (100.00) in Humble Fume on July 6, 2025 and sell it today you would earn a total of  100.00  from holding Humble Fume or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Humble Fume  vs.  Pyxus International

Humble Fume

Risk-Adjusted Performance

Weakest

Over the last 90 days Humble Fume has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental drivers, Humble Fume is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders.

Pyxus International

Risk-Adjusted Performance

Weakest

Over the last 90 days Pyxus International 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 November 2025. The current disturbance may also be a sign of long term up-swing for the company investors.

Pair Trading with Humble Fume and Pyxus International

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

The idea behind Humble Fume and Pyxus International 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.

Check out your portfolio center.

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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.