Correlation Between SP Global and Roper Technologies,

Can any of the company-specific risk be diversified away by investing in both SP Global and Roper Technologies, 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 SP Global and Roper Technologies, into the same portfolio, which is an essential part of the fundamental portfolio management process.

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

Diversification Opportunities for SP Global and Roper Technologies,

0.64

Correlation Coefficient

SP Global  Roper Technologies,

Poor diversification

The 3 months correlation between SPGI and Roper is 0.64. Overlapping area represents the amount of risk that can be diversified away by holding SP Global and Roper Technologies, in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Roper Technologies, and SP Global 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 SP Global are associated (or correlated) with Roper Technologies,. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Roper Technologies, has no effect on the direction of SP Global i.e., SP Global and Roper Technologies, go up and down completely randomly.

Pair Corralation between SP Global and Roper Technologies,

Given the investment horizon of 90 days SP Global is expected to generate 1.06 times more return on investment than Roper Technologies,. However, SP Global is 1.06 times more volatile than Roper Technologies,. It trades about -0.08 of its potential returns per unit of risk. Roper Technologies, is currently generating about -0.19 per unit of risk. If you would invest  52,987  in SP Global on July 29, 2025 and sell it today you would lose (4,042) from holding SP Global or give up 7.63% of portfolio value over 90 days.

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

SP Global  vs.  Roper Technologies,

SP Global

Risk-Adjusted Performance

Weakest

Over the last 90 days SP Global has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest inconsistent performance, the Stock's technical and fundamental indicators remain strong and the recent confusion on Wall Street may also be a sign of long-lasting gains for the firm traders.

Roper Technologies,

Risk-Adjusted Performance

Weakest

Over the last 90 days Roper Technologies, has generated negative risk-adjusted returns adding no value to investors with long positions. Even with inconsistent performance in the last few months, the Stock's basic indicators remain relatively invariable which may send shares a bit higher in November 2025. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

Pair Trading with SP Global and Roper Technologies,

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

The idea behind SP Global and Roper Technologies, 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.