Correlation Between Revolution Beauty and SupplyMe Capital

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

By analyzing existing cross correlation between Revolution Beauty Group and SupplyMe Capital PLC, you can compare the effects of market volatilities on Revolution Beauty and SupplyMe Capital 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 Revolution Beauty with a short position of SupplyMe Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Revolution Beauty and SupplyMe Capital.

Diversification Opportunities for Revolution Beauty and SupplyMe Capital

0.0

Correlation Coefficient

Revolution Beauty  SupplyMe Capital

Pay attention - limited upside

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

Pair Corralation between Revolution Beauty and SupplyMe Capital

If you would invest  0.00  in SupplyMe Capital PLC on May 16, 2025 and sell it today you would earn a total of  0.00  from holding SupplyMe Capital PLC or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.41%
Values	Daily Returns

Revolution Beauty Group  vs.  SupplyMe Capital PLC

Revolution Beauty

Risk-Adjusted Performance

Weakest

Over the last 90 days Revolution Beauty Group has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in September 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

SupplyMe Capital PLC

Risk-Adjusted Performance

Weakest

Over the last 90 days SupplyMe Capital PLC has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, SupplyMe Capital is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with Revolution Beauty and SupplyMe Capital

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

The idea behind Revolution Beauty Group and SupplyMe Capital PLC 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 Commodity Directory module to find actively traded commodities issued by global exchanges.