Correlation Between Summer Energy and Prologis

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

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

Diversification Opportunities for Summer Energy and Prologis

-0.38

Correlation Coefficient

Summer Energy  Prologis

Very good diversification

The 3 months correlation between Summer and Prologis is -0.38. Overlapping area represents the amount of risk that can be diversified away by holding Summer Energy Holdings and Prologis in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Prologis and Summer Energy 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 Summer Energy Holdings are associated (or correlated) with Prologis. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Prologis has no effect on the direction of Summer Energy i.e., Summer Energy and Prologis go up and down completely randomly.

Pair Corralation between Summer Energy and Prologis

If you would invest  12,484  in Prologis on September 13, 2025 and sell it today you would earn a total of  572.00  from holding Prologis or generate 4.58% return on investment over 90 days.

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

Summer Energy Holdings  vs.  Prologis

Summer Energy Holdings

Risk-Adjusted Performance

Mild

Over the last 90 days Summer Energy Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's primary indicators remain rather sound which may send shares a bit higher in January 2026. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders.

Prologis

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Prologis are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of rather conflicting essential indicators, Prologis exhibited solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Summer Energy and Prologis

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

The idea behind Summer Energy Holdings and Prologis 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.