Correlation Between Agile Content and GECI International

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

By analyzing existing cross correlation between Agile Content SA and GECI International SA, you can compare the effects of market volatilities on Agile Content and GECI International 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 Agile Content with a short position of GECI International. Check out your portfolio center. Please also check ongoing floating volatility patterns of Agile Content and GECI International.

Diversification Opportunities for Agile Content and GECI International

0.78

Correlation Coefficient

Agile Content  GECI International

Poor diversification

The 3 months correlation between Agile and GECI is 0.78. Overlapping area represents the amount of risk that can be diversified away by holding Agile Content SA and GECI International SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GECI International and Agile Content 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 Agile Content SA are associated (or correlated) with GECI International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GECI International has no effect on the direction of Agile Content i.e., Agile Content and GECI International go up and down completely randomly.

Pair Corralation between Agile Content and GECI International

Assuming the 90 days trading horizon Agile Content SA is expected to under-perform the GECI International. But the stock apears to be less risky and, when comparing its historical volatility, Agile Content SA is 1.68 times less risky than GECI International. The stock trades about -0.14 of its potential returns per unit of risk. The GECI International SA is currently generating about -0.05 of returns per unit of risk over similar time horizon. If you would invest  377.00  in GECI International SA on April 23, 2025 and sell it today you would lose (40.00) from holding GECI International SA or give up 10.61% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	98.44%
Values	Daily Returns

Agile Content SA  vs.  GECI International SA

Agile Content SA

Risk-Adjusted Performance

Very Weak

Over the last 90 days Agile Content SA 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 fundamental indicators remain rather sound which may send shares a bit higher in August 2025. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders.

GECI International

Risk-Adjusted Performance

Very Weak

Over the last 90 days GECI International SA has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest weak performance, the Stock's basic indicators remain invariable and the latest agitation on Wall Street may also be a sign of long-running gains for the enterprise retail investors.

Pair Trading with Agile Content and GECI International

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

The idea behind Agile Content SA and GECI International SA 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 Stocks Directory module to find actively traded stocks across global markets.