Correlation Between Assetmix and Sasol
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By analyzing existing cross correlation between Assetmix Ci Balanced and Sasol Ltd Bee, you can compare the effects of market volatilities on Assetmix and Sasol 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 Assetmix with a short position of Sasol. Check out your portfolio center. Please also check ongoing floating volatility patterns of Assetmix and Sasol.
Diversification Opportunities for Assetmix and Sasol
Very good diversification
The 3 months correlation between Assetmix and Sasol is -0.49. Overlapping area represents the amount of risk that can be diversified away by holding Assetmix Ci Balanced and Sasol Ltd Bee in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sasol Ltd Bee and Assetmix 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 Assetmix Ci Balanced are associated (or correlated) with Sasol. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sasol Ltd Bee has no effect on the direction of Assetmix i.e., Assetmix and Sasol go up and down completely randomly.
Pair Corralation between Assetmix and Sasol
Assuming the 90 days trading horizon Assetmix Ci Balanced is expected to generate 0.12 times more return on investment than Sasol. However, Assetmix Ci Balanced is 8.4 times less risky than Sasol. It trades about 0.08 of its potential returns per unit of risk. Sasol Ltd Bee is currently generating about -0.01 per unit of risk. If you would invest 134.00 in Assetmix Ci Balanced on September 4, 2024 and sell it today you would earn a total of 28.00 from holding Assetmix Ci Balanced or generate 20.9% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 99.59% |
| Values | Daily Returns |
Assetmix Ci Balanced vs. Sasol Ltd Bee
Performance |
| Timeline |
| Assetmix Ci Balanced |
| Sasol Ltd Bee |
Assetmix and Sasol Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Assetmix and Sasol
The main advantage of trading using opposite Assetmix and Sasol positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Assetmix position performs unexpectedly, Sasol 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 Sasol will offset losses from the drop in Sasol's long position.| Assetmix vs. Sasol Ltd Bee | Assetmix vs. Centaur Bci Balanced | Assetmix vs. Sabvest Capital | Assetmix vs. Growthpoint Properties |
| Sasol vs. Libstar Holdings | Sasol vs. City Lodge Hotels | Sasol vs. African Media Entertainment | Sasol vs. Europa Metals |
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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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