Correlation Between Zurich Invest and BCV Swiss
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By analyzing existing cross correlation between Zurich Invest II and BCV Swiss Equity, you can compare the effects of market volatilities on Zurich Invest and BCV 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 Zurich Invest with a short position of BCV Swiss. Check out your portfolio center. Please also check ongoing floating volatility patterns of Zurich Invest and BCV Swiss.
Diversification Opportunities for Zurich Invest and BCV Swiss
-0.11 | Correlation Coefficient |
Good diversification
The 3 months correlation between Zurich and BCV is -0.11. Overlapping area represents the amount of risk that can be diversified away by holding Zurich Invest II and BCV Swiss Equity in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BCV Swiss Equity and Zurich Invest 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 Zurich Invest II are associated (or correlated) with BCV Swiss. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BCV Swiss Equity has no effect on the direction of Zurich Invest i.e., Zurich Invest and BCV Swiss go up and down completely randomly.
Pair Corralation between Zurich Invest and BCV Swiss
Assuming the 90 days trading horizon Zurich Invest II is expected to generate 0.34 times more return on investment than BCV Swiss. However, Zurich Invest II is 2.92 times less risky than BCV Swiss. It trades about -0.11 of its potential returns per unit of risk. BCV Swiss Equity is currently generating about -0.25 per unit of risk. If you would invest 875.00 in Zurich Invest II on September 25, 2024 and sell it today you would lose (3.00) from holding Zurich Invest II or give up 0.34% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Zurich Invest II vs. BCV Swiss Equity
Performance |
| Timeline |
| Zurich Invest II |
| BCV Swiss Equity |
Zurich Invest and BCV Swiss Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Zurich Invest and BCV Swiss
The main advantage of trading using opposite Zurich Invest and BCV Swiss positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Zurich Invest position performs unexpectedly, BCV 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 BCV Swiss will offset losses from the drop in BCV Swiss' long position.| Zurich Invest vs. CSIF III Eq | Zurich Invest vs. UBS Property | Zurich Invest vs. Procimmo Real Estate | Zurich Invest vs. Baloise Holding AG |
| BCV Swiss vs. CSIF III Eq | BCV Swiss vs. UBS Property | BCV Swiss vs. Procimmo Real Estate | BCV Swiss vs. Baloise Holding AG |
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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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