Correlation Between CSIF III and Pictet Ch
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By analyzing existing cross correlation between CSIF III Eq and Pictet Ch Precious, you can compare the effects of market volatilities on CSIF III and Pictet Ch 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 CSIF III with a short position of Pictet Ch. Check out your portfolio center. Please also check ongoing floating volatility patterns of CSIF III and Pictet Ch.
Diversification Opportunities for CSIF III and Pictet Ch
Good diversification
The 3 months correlation between CSIF and Pictet is -0.2. Overlapping area represents the amount of risk that can be diversified away by holding CSIF III Eq and Pictet Ch Precious in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Pictet Ch Precious and CSIF III 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 CSIF III Eq are associated (or correlated) with Pictet Ch. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Pictet Ch Precious has no effect on the direction of CSIF III i.e., CSIF III and Pictet Ch go up and down completely randomly.
Pair Corralation between CSIF III and Pictet Ch
Assuming the 90 days trading horizon CSIF III Eq is expected to under-perform the Pictet Ch. But the fund apears to be less risky and, when comparing its historical volatility, CSIF III Eq is 1.04 times less risky than Pictet Ch. The fund trades about -0.16 of its potential returns per unit of risk. The Pictet Ch Precious is currently generating about -0.06 of returns per unit of risk over similar time horizon. If you would invest 24,449 in Pictet Ch Precious on September 25, 2024 and sell it today you would lose (204.00) from holding Pictet Ch Precious or give up 0.83% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 95.24% |
| Values | Daily Returns |
CSIF III Eq vs. Pictet Ch Precious
Performance |
| Timeline |
| CSIF III Eq |
| Pictet Ch Precious |
CSIF III and Pictet Ch Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CSIF III and Pictet Ch
The main advantage of trading using opposite CSIF III and Pictet Ch positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CSIF III position performs unexpectedly, Pictet Ch 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 Pictet Ch will offset losses from the drop in Pictet Ch's long position.| CSIF III vs. CSIF III Eq | CSIF III vs. CSIF III Equity | CSIF III vs. CSIF III Equity | CSIF III vs. CSIF I Real |
| Pictet Ch vs. Julius Baer Edelweiss | Pictet Ch vs. CSIF I Bond | Pictet Ch vs. Baloise Swiss Property | Pictet Ch vs. LO Funds Swiss |
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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