Correlation Between CSIF I and Dow Jones
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By analyzing existing cross correlation between CSIF I Real and Dow Jones Industrial, you can compare the effects of market volatilities on CSIF I and Dow Jones 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 Dow Jones. Check out your portfolio center. Please also check ongoing floating volatility patterns of CSIF I and Dow Jones.
Diversification Opportunities for CSIF I and Dow Jones
Very good diversification
The 3 months correlation between CSIF and Dow is -0.3. Overlapping area represents the amount of risk that can be diversified away by holding CSIF I Real and Dow Jones Industrial in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dow Jones Industrial 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 Real are associated (or correlated) with Dow Jones. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dow Jones Industrial has no effect on the direction of CSIF I i.e., CSIF I and Dow Jones go up and down completely randomly.
Pair Corralation between CSIF I and Dow Jones
Assuming the 90 days trading horizon CSIF I Real is expected to generate 0.59 times more return on investment than Dow Jones. However, CSIF I Real is 1.69 times less risky than Dow Jones. It trades about 0.02 of its potential returns per unit of risk. Dow Jones Industrial is currently generating about -0.19 per unit of risk. If you would invest 199,552 in CSIF I Real on December 9, 2024 and sell it today you would earn a total of 302.00 from holding CSIF I Real or generate 0.15% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 95.24% |
| Values | Daily Returns |
CSIF I Real vs. Dow Jones Industrial
Performance |
| Timeline |
CSIF I and Dow Jones Volatility Contrast
Predicted Return Density |
| Returns |
CSIF I Real
Pair trading matchups for CSIF I
Dow Jones Industrial
Pair trading matchups for Dow Jones
Pair Trading with CSIF I and Dow Jones
The main advantage of trading using opposite CSIF I and Dow Jones positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CSIF I position performs unexpectedly, Dow Jones 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 Dow Jones will offset losses from the drop in Dow Jones' long position.| CSIF I vs. CSIF III Eq | CSIF I vs. CSIF III Equity | CSIF I vs. CSIF III Equity | CSIF I vs. CSIF III Equity |
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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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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