Correlation Between Premier Foods and Resgreen Group

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

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

Diversification Opportunities for Premier Foods and Resgreen Group

0.0

Correlation Coefficient

Premier Foods  Resgreen Group

Pay attention - limited upside

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

Pair Corralation between Premier Foods and Resgreen Group

If you would invest  0.01  in Resgreen Group International on May 7, 2025 and sell it today you would earn a total of  0.00  from holding Resgreen Group International or generate 0.0% return on investment over 90 days.

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

Premier Foods Plc  vs.  Resgreen Group International

Premier Foods Plc

Risk-Adjusted Performance

Very Weak

Over the last 90 days Premier Foods Plc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest fragile performance, the Stock's technical and fundamental indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the company investors.

Resgreen Group Inter

Risk-Adjusted Performance

Very Weak

Over the last 90 days Resgreen Group International has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong technical and fundamental indicators, Resgreen Group is not utilizing all of its potentials. The recent stock price confusion, may contribute to short-horizon losses for the traders.

Pair Trading with Premier Foods and Resgreen Group

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

The idea behind Premier Foods Plc and Resgreen Group 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.

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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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.