Correlation Between Centaur Bci and Afine Investments
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By analyzing existing cross correlation between Centaur Bci Balanced and Afine Investments, you can compare the effects of market volatilities on Centaur Bci and Afine Investments 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 Centaur Bci with a short position of Afine Investments. Check out your portfolio center. Please also check ongoing floating volatility patterns of Centaur Bci and Afine Investments.
Diversification Opportunities for Centaur Bci and Afine Investments
-0.56 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Centaur and Afine is -0.56. Overlapping area represents the amount of risk that can be diversified away by holding Centaur Bci Balanced and Afine Investments in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Afine Investments and Centaur Bci 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 Centaur Bci Balanced are associated (or correlated) with Afine Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Afine Investments has no effect on the direction of Centaur Bci i.e., Centaur Bci and Afine Investments go up and down completely randomly.
Pair Corralation between Centaur Bci and Afine Investments
Assuming the 90 days trading horizon Centaur Bci Balanced is expected to generate 6.54 times more return on investment than Afine Investments. However, Centaur Bci is 6.54 times more volatile than Afine Investments. It trades about 0.17 of its potential returns per unit of risk. Afine Investments is currently generating about 0.22 per unit of risk. If you would invest 239.00 in Centaur Bci Balanced on August 28, 2024 and sell it today you would earn a total of 3.00 from holding Centaur Bci Balanced or generate 1.26% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Centaur Bci Balanced vs. Afine Investments
Performance |
| Timeline |
| Centaur Bci Balanced |
| Afine Investments |
Centaur Bci and Afine Investments Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Centaur Bci and Afine Investments
The main advantage of trading using opposite Centaur Bci and Afine Investments positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Centaur Bci position performs unexpectedly, Afine Investments 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 Afine Investments will offset losses from the drop in Afine Investments' long position.| Centaur Bci vs. Sabvest Capital | Centaur Bci vs. Growthpoint Properties | Centaur Bci vs. AfricaRhodium ETF | Centaur Bci vs. CoreShares Preference Share |
| Afine Investments vs. Schroder European Real | Afine Investments vs. Centaur Bci Balanced | Afine Investments vs. Sabvest Capital | Afine Investments vs. Growthpoint Properties |
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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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