Correlation Between Logismos Information and Attica Bank

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

By analyzing existing cross correlation between Logismos Information Systems and Attica Bank SA, you can compare the effects of market volatilities on Logismos Information and Attica Bank 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 Logismos Information with a short position of Attica Bank. Check out your portfolio center. Please also check ongoing floating volatility patterns of Logismos Information and Attica Bank.

Diversification Opportunities for Logismos Information and Attica Bank

0.43

Correlation Coefficient

Logismos Information  Attica Bank

Very weak diversification

The 3 months correlation between Logismos and Attica is 0.43. Overlapping area represents the amount of risk that can be diversified away by holding Logismos Information Systems and Attica Bank SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Attica Bank SA and Logismos Information 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 Logismos Information Systems are associated (or correlated) with Attica Bank. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Attica Bank SA has no effect on the direction of Logismos Information i.e., Logismos Information and Attica Bank go up and down completely randomly.

Pair Corralation between Logismos Information and Attica Bank

Assuming the 90 days trading horizon Logismos Information is expected to generate 4.78 times less return on investment than Attica Bank. But when comparing it to its historical volatility, Logismos Information Systems is 2.67 times less risky than Attica Bank. It trades about 0.18 of its potential returns per unit of risk. Attica Bank SA is currently generating about 0.32 of returns per unit of risk over similar time horizon. If you would invest  77.00  in Attica Bank SA on May 18, 2025 and sell it today you would earn a total of  63.00  from holding Attica Bank SA or generate 81.82% return on investment over 90 days.

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

Logismos Information Systems  vs.  Attica Bank SA

Logismos Information

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Logismos Information Systems are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of very uncertain basic indicators, Logismos Information displayed solid returns over the last few months and may actually be approaching a breakup point.

Attica Bank SA

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Attica Bank SA are ranked lower than 25 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, Attica Bank unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Logismos Information and Attica Bank

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

The idea behind Logismos Information Systems and Attica Bank SA 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.