Correlation Between Schindler Holding and SF Urban
Can any of the company-specific risk be diversified away by investing in both Schindler Holding and SF Urban 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 Schindler Holding and SF Urban into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Schindler Holding AG and SF Urban Properties, you can compare the effects of market volatilities on Schindler Holding and SF Urban 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 Schindler Holding with a short position of SF Urban. Check out your portfolio center. Please also check ongoing floating volatility patterns of Schindler Holding and SF Urban.
Diversification Opportunities for Schindler Holding and SF Urban
0.6 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Schindler and SFPN is 0.6. Overlapping area represents the amount of risk that can be diversified away by holding Schindler Holding AG and SF Urban Properties in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SF Urban Properties and Schindler Holding 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 Schindler Holding AG are associated (or correlated) with SF Urban. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SF Urban Properties has no effect on the direction of Schindler Holding i.e., Schindler Holding and SF Urban go up and down completely randomly.
Pair Corralation between Schindler Holding and SF Urban
Assuming the 90 days trading horizon Schindler Holding AG is expected to generate 2.75 times more return on investment than SF Urban. However, Schindler Holding is 2.75 times more volatile than SF Urban Properties. It trades about 0.1 of its potential returns per unit of risk. SF Urban Properties is currently generating about 0.23 per unit of risk. If you would invest 26,750 in Schindler Holding AG on April 24, 2025 and sell it today you would earn a total of 2,200 from holding Schindler Holding AG or generate 8.22% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Significant |
Accuracy | 100.0% |
Values | Daily Returns |
Schindler Holding AG vs. SF Urban Properties
Performance |
Timeline |
Schindler Holding |
SF Urban Properties |
Schindler Holding and SF Urban Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Schindler Holding and SF Urban
The main advantage of trading using opposite Schindler Holding and SF Urban positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Schindler Holding position performs unexpectedly, SF Urban 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 SF Urban will offset losses from the drop in SF Urban's long position.Schindler Holding vs. Geberit AG | Schindler Holding vs. Givaudan SA | Schindler Holding vs. SGS SA | Schindler Holding vs. Straumann Holding AG |
SF Urban vs. Mobimo Hldg | SF Urban vs. Allreal Holding | SF Urban vs. Warteck Invest | SF Urban vs. Zug Estates Holding |
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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Other Complementary Tools
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities |