Correlation Between 60 Degrees and Sadot

Can any of the company-specific risk be diversified away by investing in both 60 Degrees and Sadot 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 60 Degrees and Sadot into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between 60 Degrees Pharmaceuticals, and Sadot Group, you can compare the effects of market volatilities on 60 Degrees and Sadot 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 60 Degrees with a short position of Sadot. Check out your portfolio center. Please also check ongoing floating volatility patterns of 60 Degrees and Sadot.

Diversification Opportunities for 60 Degrees and Sadot

0.3

Correlation Coefficient

60 Degrees  Sadot

Weak diversification

The 3 months correlation between SXTP and Sadot is 0.3. Overlapping area represents the amount of risk that can be diversified away by holding 60 Degrees Pharmaceuticals, and Sadot Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sadot Group and 60 Degrees 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 60 Degrees Pharmaceuticals, are associated (or correlated) with Sadot. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sadot Group has no effect on the direction of 60 Degrees i.e., 60 Degrees and Sadot go up and down completely randomly.

Pair Corralation between 60 Degrees and Sadot

Given the investment horizon of 90 days 60 Degrees Pharmaceuticals, is expected to under-perform the Sadot. But the stock apears to be less risky and, when comparing its historical volatility, 60 Degrees Pharmaceuticals, is 1.57 times less risky than Sadot. The stock trades about -0.42 of its potential returns per unit of risk. The Sadot Group is currently generating about -0.16 of returns per unit of risk over similar time horizon. If you would invest  137.00  in Sadot Group on May 10, 2025 and sell it today you would lose (46.00) from holding Sadot Group or give up 33.58% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	95.65%
Values	Daily Returns

60 Degrees Pharmaceuticals,  vs.  Sadot Group

60 Degrees Pharmaceu

Risk-Adjusted Performance

Weakest

Over the last 90 days 60 Degrees Pharmaceuticals, has generated negative risk-adjusted returns adding no value to investors with long positions. Even with uncertain performance in the last few months, the Stock's basic indicators remain relatively invariable which may send shares a bit higher in September 2025. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

Sadot Group

Risk-Adjusted Performance

Weakest

Over the last 90 days Sadot Group has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of conflicting 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.

Pair Trading with 60 Degrees and Sadot

The main advantage of trading using opposite 60 Degrees and Sadot positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if 60 Degrees position performs unexpectedly, Sadot 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 Sadot will offset losses from the drop in Sadot's long position.

The idea behind 60 Degrees Pharmaceuticals, and Sadot Group 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.