Correlation Between Zurich Invest and Bonhote Immobilier
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By analyzing existing cross correlation between Zurich Invest II and Bonhote Immobilier SICAV BIM, you can compare the effects of market volatilities on Zurich Invest and Bonhote Immobilier 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 Bonhote Immobilier. Check out your portfolio center. Please also check ongoing floating volatility patterns of Zurich Invest and Bonhote Immobilier.
Diversification Opportunities for Zurich Invest and Bonhote Immobilier
0.39 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Zurich and Bonhote is 0.39. Overlapping area represents the amount of risk that can be diversified away by holding Zurich Invest II and Bonhote Immobilier SICAV BIM in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Bonhote Immobilier 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 Bonhote Immobilier. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bonhote Immobilier has no effect on the direction of Zurich Invest i.e., Zurich Invest and Bonhote Immobilier go up and down completely randomly.
Pair Corralation between Zurich Invest and Bonhote Immobilier
Assuming the 90 days trading horizon Zurich Invest is expected to generate 5.0 times less return on investment than Bonhote Immobilier. But when comparing it to its historical volatility, Zurich Invest II is 5.96 times less risky than Bonhote Immobilier. It trades about 0.12 of its potential returns per unit of risk. Bonhote Immobilier SICAV BIM is currently generating about 0.1 of returns per unit of risk over similar time horizon. If you would invest 12,300 in Bonhote Immobilier SICAV BIM on September 19, 2024 and sell it today you would earn a total of 4,100 from holding Bonhote Immobilier SICAV BIM or generate 33.33% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Very Weak |
Accuracy | 99.66% |
Values | Daily Returns |
Zurich Invest II vs. Bonhote Immobilier SICAV BIM
Performance |
Timeline |
Zurich Invest II |
Bonhote Immobilier |
Zurich Invest and Bonhote Immobilier Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Zurich Invest and Bonhote Immobilier
The main advantage of trading using opposite Zurich Invest and Bonhote Immobilier positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Zurich Invest position performs unexpectedly, Bonhote Immobilier 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 Bonhote Immobilier will offset losses from the drop in Bonhote Immobilier's long position.Zurich Invest vs. SPDR Dow Jones | Zurich Invest vs. Baloise Holding AG | Zurich Invest vs. Banque Cantonale du | Zurich Invest 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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