Correlation Between Blender Financial and Altshuler Shaham

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

By analyzing existing cross correlation between Blender Financial Technologies and Altshuler Shaham Financial, you can compare the effects of market volatilities on Blender Financial and Altshuler Shaham 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 Blender Financial with a short position of Altshuler Shaham. Check out your portfolio center. Please also check ongoing floating volatility patterns of Blender Financial and Altshuler Shaham.

Diversification Opportunities for Blender Financial and Altshuler Shaham

-0.27

Correlation Coefficient

Blender Financial  Altshuler Shaham

Very good diversification

The 3 months correlation between Blender and Altshuler is -0.27. Overlapping area represents the amount of risk that can be diversified away by holding Blender Financial Technologies and Altshuler Shaham Financial in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Altshuler Shaham Fin and Blender Financial 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 Blender Financial Technologies are associated (or correlated) with Altshuler Shaham. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Altshuler Shaham Fin has no effect on the direction of Blender Financial i.e., Blender Financial and Altshuler Shaham go up and down completely randomly.

Pair Corralation between Blender Financial and Altshuler Shaham

Assuming the 90 days trading horizon Blender Financial Technologies is expected to under-perform the Altshuler Shaham. In addition to that, Blender Financial is 1.31 times more volatile than Altshuler Shaham Financial. It trades about -0.01 of its total potential returns per unit of risk. Altshuler Shaham Financial is currently generating about 0.22 per unit of volatility. If you would invest  51,874  in Altshuler Shaham Financial on April 24, 2025 and sell it today you would earn a total of  13,326  from holding Altshuler Shaham Financial or generate 25.69% return on investment over 90 days.

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

Blender Financial Technologies  vs.  Altshuler Shaham Financial

Blender Financial

Risk-Adjusted Performance

Very Weak

Over the last 90 days Blender Financial Technologies has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Blender Financial is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Altshuler Shaham Fin

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Altshuler Shaham Financial are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Altshuler Shaham sustained solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Blender Financial and Altshuler Shaham

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

The idea behind Blender Financial Technologies and Altshuler Shaham Financial 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.