Correlation Between Quorum Information and Sun Life

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

By analyzing existing cross correlation between Quorum Information Technologies and Sun Life Financial, you can compare the effects of market volatilities on Quorum Information and Sun Life 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 Quorum Information with a short position of Sun Life. Check out your portfolio center. Please also check ongoing floating volatility patterns of Quorum Information and Sun Life.

Diversification Opportunities for Quorum Information and Sun Life

-0.45

Correlation Coefficient

Quorum Information  Sun Life

Very good diversification

The 3 months correlation between Quorum and Sun is -0.45. Overlapping area represents the amount of risk that can be diversified away by holding Quorum Information Technologie and Sun Life Financial in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sun Life Financial and Quorum 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 Quorum Information Technologies are associated (or correlated) with Sun Life. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sun Life Financial has no effect on the direction of Quorum Information i.e., Quorum Information and Sun Life go up and down completely randomly.

Pair Corralation between Quorum Information and Sun Life

Assuming the 90 days horizon Quorum Information Technologies is expected to generate 5.41 times more return on investment than Sun Life. However, Quorum Information is 5.41 times more volatile than Sun Life Financial. It trades about 0.05 of its potential returns per unit of risk. Sun Life Financial is currently generating about 0.14 per unit of risk. If you would invest  74.00  in Quorum Information Technologies on July 5, 2025 and sell it today you would earn a total of  5.00  from holding Quorum Information Technologies or generate 6.76% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	98.41%
Values	Daily Returns

Quorum Information Technologie  vs.  Sun Life Financial

Quorum Information

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Quorum Information Technologies are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Quorum Information may actually be approaching a critical reversion point that can send shares even higher in November 2025.

Sun Life Financial

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Sun Life Financial are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong technical and fundamental indicators, Sun Life is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Quorum Information and Sun Life

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

The idea behind Quorum Information Technologies and Sun Life Financial 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.