Correlation Between Surf Air and GCM Resources

Can any of the company-specific risk be diversified away by investing in both Surf Air and GCM Resources 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 Surf Air and GCM Resources into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Surf Air Mobility and GCM Resources Plc, you can compare the effects of market volatilities on Surf Air and GCM Resources 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 Surf Air with a short position of GCM Resources. Check out your portfolio center. Please also check ongoing floating volatility patterns of Surf Air and GCM Resources.

Diversification Opportunities for Surf Air and GCM Resources

0.0

Correlation Coefficient

Surf Air  GCM Resources

Pay attention - limited upside

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

Pair Corralation between Surf Air and GCM Resources

If you would invest  0.00  in GCM Resources Plc on September 6, 2025 and sell it today you would earn a total of  0.00  from holding GCM Resources Plc or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.59%
Values	Daily Returns

Surf Air Mobility  vs.  GCM Resources Plc

Surf Air Mobility

Risk-Adjusted Performance

Weakest

Over the last 90 days Surf Air Mobility has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's technical and fundamental indicators remain very healthy which may send shares a bit higher in January 2026. The recent disarray may also be a sign of long period up-swing for the firm investors.

GCM Resources Plc

Risk-Adjusted Performance

Weakest

Over the last 90 days GCM Resources Plc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable primary indicators, GCM Resources is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with Surf Air and GCM Resources

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

The idea behind Surf Air Mobility and GCM Resources 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.

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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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..