Correlation Between LO Funds and Baloise Swiss
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By analyzing existing cross correlation between LO Funds Swiss and Baloise Swiss Property, you can compare the effects of market volatilities on LO Funds and Baloise Swiss 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 LO Funds with a short position of Baloise Swiss. Check out your portfolio center. Please also check ongoing floating volatility patterns of LO Funds and Baloise Swiss.
Diversification Opportunities for LO Funds and Baloise Swiss
-0.41 | Correlation Coefficient |
Very good diversification
The 3 months correlation between 0P00001R8Q and Baloise is -0.41. Overlapping area represents the amount of risk that can be diversified away by holding LO Funds Swiss and Baloise Swiss Property in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Baloise Swiss Property and LO Funds 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 LO Funds Swiss are associated (or correlated) with Baloise Swiss. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Baloise Swiss Property has no effect on the direction of LO Funds i.e., LO Funds and Baloise Swiss go up and down completely randomly.
Pair Corralation between LO Funds and Baloise Swiss
Assuming the 90 days trading horizon LO Funds is expected to generate 4.08 times less return on investment than Baloise Swiss. But when comparing it to its historical volatility, LO Funds Swiss is 1.25 times less risky than Baloise Swiss. It trades about 0.01 of its potential returns per unit of risk. Baloise Swiss Property is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest 11,496 in Baloise Swiss Property on September 19, 2024 and sell it today you would earn a total of 1,204 from holding Baloise Swiss Property or generate 10.47% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
LO Funds Swiss vs. Baloise Swiss Property
Performance |
| Timeline |
| LO Funds Swiss |
| Baloise Swiss Property |
LO Funds and Baloise Swiss Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with LO Funds and Baloise Swiss
The main advantage of trading using opposite LO Funds and Baloise Swiss positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if LO Funds position performs unexpectedly, Baloise Swiss 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 Baloise Swiss will offset losses from the drop in Baloise Swiss' long position.| LO Funds vs. SPDR Dow Jones | LO Funds vs. Baloise Holding AG | LO Funds vs. Banque Cantonale du | LO Funds vs. 21Shares Polkadot ETP |
| Baloise Swiss vs. SPDR Dow Jones | Baloise Swiss vs. Baloise Holding AG | Baloise Swiss vs. Banque Cantonale du | Baloise Swiss vs. 21Shares Polkadot ETP |
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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