Correlation Between Julius Baer and 1875 LGT
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By analyzing existing cross correlation between Julius Baer Edelweiss and 1875 LGT BANK, you can compare the effects of market volatilities on Julius Baer and 1875 LGT 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 1875 LGT. Check out your portfolio center. Please also check ongoing floating volatility patterns of Julius Baer and 1875 LGT.
Diversification Opportunities for Julius Baer and 1875 LGT
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Julius and 1875 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Julius Baer Edelweiss and 1875 LGT BANK in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on 1875 LGT BANK 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 1875 LGT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of 1875 LGT BANK has no effect on the direction of Julius Baer i.e., Julius Baer and 1875 LGT go up and down completely randomly.
Pair Corralation between Julius Baer and 1875 LGT
If you would invest (100.00) in 1875 LGT BANK on September 24, 2024 and sell it today you would earn a total of 100.00 from holding 1875 LGT BANK or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Julius Baer Edelweiss vs. 1875 LGT BANK
Performance |
| Timeline |
| Julius Baer Edelweiss |
| 1875 LGT BANK |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Julius Baer and 1875 LGT Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Julius Baer and 1875 LGT
The main advantage of trading using opposite Julius Baer and 1875 LGT positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Julius Baer position performs unexpectedly, 1875 LGT 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 1875 LGT will offset losses from the drop in 1875 LGT's long position.| Julius Baer vs. CSIF III Eq | Julius Baer vs. UBS Property | Julius Baer vs. Procimmo Real Estate | Julius Baer 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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