Correlation Between Deutsche Post and Jardine Matheson
Can any of the company-specific risk be diversified away by investing in both Deutsche Post and Jardine Matheson 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 Deutsche Post and Jardine Matheson into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Deutsche Post AG and Jardine Matheson Holdings, you can compare the effects of market volatilities on Deutsche Post and Jardine Matheson 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 Deutsche Post with a short position of Jardine Matheson. Check out your portfolio center. Please also check ongoing floating volatility patterns of Deutsche Post and Jardine Matheson.
Diversification Opportunities for Deutsche Post and Jardine Matheson
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Deutsche and Jardine is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Post AG and Jardine Matheson Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jardine Matheson Holdings and Deutsche Post 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 Deutsche Post AG are associated (or correlated) with Jardine Matheson. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jardine Matheson Holdings has no effect on the direction of Deutsche Post i.e., Deutsche Post and Jardine Matheson go up and down completely randomly.
Pair Corralation between Deutsche Post and Jardine Matheson
If you would invest 6,250 in Jardine Matheson Holdings on August 30, 2024 and sell it today you would earn a total of 0.00 from holding Jardine Matheson Holdings or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Deutsche Post AG vs. Jardine Matheson Holdings
Performance |
| Timeline |
| Deutsche Post AG |
| Jardine Matheson Holdings |
Deutsche Post and Jardine Matheson Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Deutsche Post and Jardine Matheson
The main advantage of trading using opposite Deutsche Post and Jardine Matheson positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Deutsche Post position performs unexpectedly, Jardine Matheson 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 Jardine Matheson will offset losses from the drop in Jardine Matheson's long position.| Deutsche Post vs. Lendinvest PLC | Deutsche Post vs. Neometals | Deutsche Post vs. Albion Technology General | Deutsche Post vs. Jupiter Fund Management |
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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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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