Correlation Between CSIF III and Baloise Holding
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By analyzing existing cross correlation between CSIF III Eq and Baloise Holding AG, you can compare the effects of market volatilities on CSIF III and Baloise Holding 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 Baloise Holding. Check out your portfolio center. Please also check ongoing floating volatility patterns of CSIF III and Baloise Holding.
Diversification Opportunities for CSIF III and Baloise Holding
-0.73 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between CSIF and Baloise is -0.73. Overlapping area represents the amount of risk that can be diversified away by holding CSIF III Eq and Baloise Holding AG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Baloise Holding AG 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 Baloise Holding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Baloise Holding AG has no effect on the direction of CSIF III i.e., CSIF III and Baloise Holding go up and down completely randomly.
Pair Corralation between CSIF III and Baloise Holding
Assuming the 90 days trading horizon CSIF III Eq is expected to generate 0.66 times more return on investment than Baloise Holding. However, CSIF III Eq is 1.52 times less risky than Baloise Holding. It trades about 0.09 of its potential returns per unit of risk. Baloise Holding AG is currently generating about 0.04 per unit of risk. If you would invest 126,451 in CSIF III Eq on October 13, 2024 and sell it today you would earn a total of 43,231 from holding CSIF III Eq or generate 34.19% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 99.6% |
| Values | Daily Returns |
CSIF III Eq vs. Baloise Holding AG
Performance |
| Timeline |
| CSIF III Eq |
| Baloise Holding AG |
CSIF III and Baloise Holding Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CSIF III and Baloise Holding
The main advantage of trading using opposite CSIF III and Baloise Holding positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CSIF III position performs unexpectedly, Baloise Holding 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 Baloise Holding will offset losses from the drop in Baloise Holding's long position.| CSIF III vs. Procimmo Real Estate | CSIF III vs. SPDR Dow Jones | CSIF III vs. Baloise Holding AG | CSIF III vs. Autoneum Holding AG |
| Baloise Holding vs. Swiss Life Holding | Baloise Holding vs. Helvetia Holding AG | Baloise Holding vs. Swisscom AG | Baloise Holding vs. Zurich Insurance Group |
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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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