Correlation Between CSIF I and VALORA HLDG
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By analyzing existing cross correlation between CSIF I Bond and VALORA HLDG OPEN, you can compare the effects of market volatilities on CSIF I and VALORA HLDG 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 VALORA HLDG. Check out your portfolio center. Please also check ongoing floating volatility patterns of CSIF I and VALORA HLDG.
Diversification Opportunities for CSIF I and VALORA HLDG
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between CSIF and VALORA is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding CSIF I Bond and VALORA HLDG OPEN in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on VALORA HLDG OPEN 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 VALORA HLDG. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of VALORA HLDG OPEN has no effect on the direction of CSIF I i.e., CSIF I and VALORA HLDG go up and down completely randomly.
Pair Corralation between CSIF I and VALORA HLDG
If you would invest 67,262 in CSIF I Bond on September 20, 2024 and sell it today you would lose (130.00) from holding CSIF I Bond or give up 0.19% 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. VALORA HLDG OPEN
Performance |
| Timeline |
| CSIF I Bond |
| VALORA HLDG OPEN |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
CSIF I and VALORA HLDG Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CSIF I and VALORA HLDG
The main advantage of trading using opposite CSIF I and VALORA HLDG positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CSIF I position performs unexpectedly, VALORA HLDG 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 VALORA HLDG will offset losses from the drop in VALORA HLDG's long position.The idea behind CSIF I Bond and VALORA HLDG OPEN 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.| VALORA HLDG vs. Pictet Ch Precious | VALORA HLDG vs. Baloise Swiss Property | VALORA HLDG vs. CSIF I Bond | VALORA HLDG vs. Synchrony Swiss Real |
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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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