Correlation Between Where Food and CSG Systems

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

By analyzing existing cross correlation between Where Food Comes and CSG Systems International, you can compare the effects of market volatilities on Where Food and CSG Systems 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 Where Food with a short position of CSG Systems. Check out your portfolio center. Please also check ongoing floating volatility patterns of Where Food and CSG Systems.

Diversification Opportunities for Where Food and CSG Systems

-0.43

Correlation Coefficient

Where Food  CSG Systems

Very good diversification

The 3 months correlation between Where and CSG is -0.43. Overlapping area represents the amount of risk that can be diversified away by holding Where Food Comes and CSG Systems International in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CSG Systems International and Where Food 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 Where Food Comes are associated (or correlated) with CSG Systems. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CSG Systems International has no effect on the direction of Where Food i.e., Where Food and CSG Systems go up and down completely randomly.

Pair Corralation between Where Food and CSG Systems

Given the investment horizon of 90 days Where Food Comes is expected to generate 1.94 times more return on investment than CSG Systems. However, Where Food is 1.94 times more volatile than CSG Systems International. It trades about 0.03 of its potential returns per unit of risk. CSG Systems International is currently generating about 0.02 per unit of risk. If you would invest  1,101  in Where Food Comes on May 6, 2025 and sell it today you would earn a total of  24.00  from holding Where Food Comes or generate 2.18% return on investment over 90 days.

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

Where Food Comes  vs.  CSG Systems International

Where Food Comes

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Where Food Comes are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable fundamental indicators, Where Food is not utilizing all of its potentials. The recent stock price disturbance, may contribute to mid-run losses for the stockholders.

CSG Systems International

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in CSG Systems International are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable technical and fundamental indicators, CSG Systems is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with Where Food and CSG Systems

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

The idea behind Where Food Comes and CSG Systems International 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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.