Correlation Between Sachem Capital and Almacenes Xito

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

By analyzing existing cross correlation between Sachem Capital Corp and Almacenes Xito SA, you can compare the effects of market volatilities on Sachem Capital and Almacenes Xito 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 Sachem Capital with a short position of Almacenes Xito. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sachem Capital and Almacenes Xito.

Diversification Opportunities for Sachem Capital and Almacenes Xito

0.0

Correlation Coefficient

Sachem Capital  Almacenes Xito

Pay attention - limited upside

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

Pair Corralation between Sachem Capital and Almacenes Xito

If you would invest  1,908  in Sachem Capital Corp on July 27, 2025 and sell it today you would earn a total of  377.00  from holding Sachem Capital Corp or generate 19.76% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.54%
Values	Daily Returns

Sachem Capital Corp  vs.  Almacenes Xito SA

Sachem Capital Corp

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Sachem Capital Corp are ranked lower than 22 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile fundamental indicators, Sachem Capital reported solid returns over the last few months and may actually be approaching a breakup point.

Almacenes Xito SA

Risk-Adjusted Performance

Weakest

Over the last 90 days Almacenes Xito SA has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Almacenes Xito is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors.

Pair Trading with Sachem Capital and Almacenes Xito

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

The idea behind Sachem Capital Corp and Almacenes Xito 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.

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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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.