Correlation Between Supply@Me Capital and Grieg Seafood

Can any of the company-specific risk be diversified away by investing in both Supply@Me Capital and Grieg Seafood 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 Supply@Me Capital and Grieg Seafood into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between SupplyMe Capital PLC and Grieg Seafood, you can compare the effects of market volatilities on Supply@Me Capital and Grieg Seafood 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 Supply@Me Capital with a short position of Grieg Seafood. Check out your portfolio center. Please also check ongoing floating volatility patterns of Supply@Me Capital and Grieg Seafood.

Diversification Opportunities for Supply@Me Capital and Grieg Seafood

-0.74

Correlation Coefficient

Supply@Me Capital  Grieg Seafood

Pay attention - limited upside

The 3 months correlation between Supply@Me and Grieg is -0.74. Overlapping area represents the amount of risk that can be diversified away by holding SupplyMe Capital PLC and Grieg Seafood in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Grieg Seafood and Supply@Me Capital 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 SupplyMe Capital PLC are associated (or correlated) with Grieg Seafood. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Grieg Seafood has no effect on the direction of Supply@Me Capital i.e., Supply@Me Capital and Grieg Seafood go up and down completely randomly.

Pair Corralation between Supply@Me Capital and Grieg Seafood

Assuming the 90 days trading horizon SupplyMe Capital PLC is expected to under-perform the Grieg Seafood. In addition to that, Supply@Me Capital is 4.53 times more volatile than Grieg Seafood. It trades about -0.03 of its total potential returns per unit of risk. Grieg Seafood is currently generating about 0.01 per unit of volatility. If you would invest  7,493  in Grieg Seafood on April 25, 2025 and sell it today you would lose (110.00) from holding Grieg Seafood or give up 1.47% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	99.78%
Values	Daily Returns

SupplyMe Capital PLC  vs.  Grieg Seafood

SupplyMe Capital PLC

Risk-Adjusted Performance

Very Weak

Over the last 90 days SupplyMe Capital PLC has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of uncertain performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in August 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Grieg Seafood

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Grieg Seafood are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, Grieg Seafood unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Supply@Me Capital and Grieg Seafood

The main advantage of trading using opposite Supply@Me Capital and Grieg Seafood positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Supply@Me Capital position performs unexpectedly, Grieg Seafood 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 Grieg Seafood will offset losses from the drop in Grieg Seafood's long position.

The idea behind SupplyMe Capital PLC and Grieg Seafood 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.