Correlation Between Julius Baer and LO Funds
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By analyzing existing cross correlation between Julius Baer Edelweiss and LO Funds Swiss, you can compare the effects of market volatilities on Julius Baer and LO Funds 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 Julius Baer with a short position of LO Funds. Check out your portfolio center. Please also check ongoing floating volatility patterns of Julius Baer and LO Funds.
Diversification Opportunities for Julius Baer and LO Funds
0.99 | Correlation Coefficient |
No risk reduction
The 3 months correlation between Julius and 0P00001R8Q is 0.99. Overlapping area represents the amount of risk that can be diversified away by holding Julius Baer Edelweiss and LO Funds Swiss in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LO Funds Swiss and Julius Baer 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 Julius Baer Edelweiss are associated (or correlated) with LO Funds. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LO Funds Swiss has no effect on the direction of Julius Baer i.e., Julius Baer and LO Funds go up and down completely randomly.
Pair Corralation between Julius Baer and LO Funds
Assuming the 90 days trading horizon Julius Baer Edelweiss is expected to generate 1.0 times more return on investment than LO Funds. However, Julius Baer is 1.0 times more volatile than LO Funds Swiss. It trades about 0.06 of its potential returns per unit of risk. LO Funds Swiss is currently generating about 0.03 per unit of risk. If you would invest 12,382 in Julius Baer Edelweiss on September 20, 2024 and sell it today you would earn a total of 2,610 from holding Julius Baer Edelweiss or generate 21.08% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Julius Baer Edelweiss vs. LO Funds Swiss
Performance |
| Timeline |
| Julius Baer Edelweiss |
| LO Funds Swiss |
Julius Baer and LO Funds Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Julius Baer and LO Funds
The main advantage of trading using opposite Julius Baer and LO Funds positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Julius Baer position performs unexpectedly, LO Funds 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 LO Funds will offset losses from the drop in LO Funds' long position.The idea behind Julius Baer Edelweiss and LO Funds Swiss pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| LO Funds vs. SPDR Dow Jones | LO Funds vs. Baloise Holding AG | LO Funds vs. Banque Cantonale du | LO Funds 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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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