Correlation Between Farstarcap Investment and Rogers Communications

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

By analyzing existing cross correlation between Farstarcap Investment Corp and Rogers Communications, you can compare the effects of market volatilities on Farstarcap Investment and Rogers Communications 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 Farstarcap Investment with a short position of Rogers Communications. Check out your portfolio center. Please also check ongoing floating volatility patterns of Farstarcap Investment and Rogers Communications.

Diversification Opportunities for Farstarcap Investment and Rogers Communications

0.0

Correlation Coefficient

Farstarcap Investment  Rogers Communications

Pay attention - limited upside

The 3 months correlation between Farstarcap and Rogers is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Farstarcap Investment Corp and Rogers Communications in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Rogers Communications and Farstarcap Investment 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 Farstarcap Investment Corp are associated (or correlated) with Rogers Communications. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Rogers Communications has no effect on the direction of Farstarcap Investment i.e., Farstarcap Investment and Rogers Communications go up and down completely randomly.

Pair Corralation between Farstarcap Investment and Rogers Communications

If you would invest  3,882  in Rogers Communications on April 25, 2025 and sell it today you would earn a total of  1,038  from holding Rogers Communications or generate 26.74% return on investment over 90 days.

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

Farstarcap Investment Corp  vs.  Rogers Communications

Farstarcap Investment

Risk-Adjusted Performance

Very Weak

Over the last 90 days Farstarcap Investment Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, Farstarcap Investment is not utilizing all of its potentials. The recent stock price fuss, may contribute to near-short-term losses for the sophisticated investors.

Rogers Communications

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Rogers Communications are ranked lower than 23 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unfluctuating basic indicators, Rogers Communications unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Farstarcap Investment and Rogers Communications

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

The idea behind Farstarcap Investment Corp and Rogers Communications 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.

Check out your portfolio center.

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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.