Correlation Between CSIF I and 1875 LGT
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By analyzing existing cross correlation between CSIF I Bond and 1875 LGT BANK, you can compare the effects of market volatilities on CSIF I and 1875 LGT 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 CSIF I with a short position of 1875 LGT. Check out your portfolio center. Please also check ongoing floating volatility patterns of CSIF I and 1875 LGT.
Diversification Opportunities for CSIF I and 1875 LGT
Pay attention - limited upside
The 3 months correlation between CSIF and 1875 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding CSIF I Bond and 1875 LGT BANK in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on 1875 LGT BANK and CSIF I 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 CSIF I Bond are associated (or correlated) with 1875 LGT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of 1875 LGT BANK has no effect on the direction of CSIF I i.e., CSIF I and 1875 LGT go up and down completely randomly.
Pair Corralation between CSIF I and 1875 LGT
If you would invest 67,251 in CSIF I Bond on September 19, 2024 and sell it today you would lose (58.00) from holding CSIF I Bond or give up 0.09% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
CSIF I Bond vs. 1875 LGT BANK
Performance |
| Timeline |
| CSIF I Bond |
| 1875 LGT BANK |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
CSIF I and 1875 LGT Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CSIF I and 1875 LGT
The main advantage of trading using opposite CSIF I and 1875 LGT positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CSIF I position performs unexpectedly, 1875 LGT 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 1875 LGT will offset losses from the drop in 1875 LGT's long position.| CSIF I vs. SPDR Dow Jones | CSIF I vs. Baloise Holding AG | CSIF I vs. Banque Cantonale du | CSIF I 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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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