Correlation Between FTI Foodtech and E L

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

By analyzing existing cross correlation between FTI Foodtech International and E L Financial Corp, you can compare the effects of market volatilities on FTI Foodtech and E L 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 FTI Foodtech with a short position of E L. Check out your portfolio center. Please also check ongoing floating volatility patterns of FTI Foodtech and E L.

Diversification Opportunities for FTI Foodtech and E L

0.0

Correlation Coefficient

FTI Foodtech  E L

Pay attention - limited upside

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

Pair Corralation between FTI Foodtech and E L

If you would invest  1,454  in E L Financial Corp on August 4, 2025 and sell it today you would earn a total of  172.00  from holding E L Financial Corp or generate 11.83% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.41%
Values	Daily Returns

FTI Foodtech International  vs.  E L Financial Corp

FTI Foodtech Interna

Risk-Adjusted Performance

Weakest

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

E L Financial

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in E L Financial Corp are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of very weak technical and fundamental indicators, E L may actually be approaching a critical reversion point that can send shares even higher in December 2025.

Pair Trading with FTI Foodtech and E L

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

The idea behind FTI Foodtech International and E L Financial Corp 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.