Correlation Between Infinite Technology and Sable Resources

Can any of the company-specific risk be diversified away by investing in both Infinite Technology and Sable Resources 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 Infinite Technology and Sable Resources into the same portfolio, which is an essential part of the fundamental portfolio management process.

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

Diversification Opportunities for Infinite Technology and Sable Resources

0.0

Correlation Coefficient

Infinite Technology  Sable Resources

Pay attention - limited upside

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

Pair Corralation between Infinite Technology and Sable Resources

If you would invest  2.70  in Sable Resources on September 1, 2025 and sell it today you would lose (0.10) from holding Sable Resources or give up 3.7% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.44%
Values	Daily Returns

Infinite Technology Corp  vs.  Sable Resources

Infinite Technology Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days Infinite Technology Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively steady fundamental indicators, Infinite Technology is not utilizing all of its potentials. The current stock price chaos, may contribute to medium-term losses for the stakeholders.

Sable Resources

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Sable Resources are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak basic indicators, Sable Resources reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Infinite Technology and Sable Resources

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

The idea behind Infinite Technology Corp and Sable Resources 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.