Correlation Between CM AM and Templeton Global
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By analyzing existing cross correlation between CM AM Monplus NE and Templeton Global AD, you can compare the effects of market volatilities on CM AM and Templeton Global 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 CM AM with a short position of Templeton Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of CM AM and Templeton Global.
Diversification Opportunities for CM AM and Templeton Global
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between 0P0001F96C and Templeton is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding CM AM Monplus NE and Templeton Global AD in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Templeton Global and CM AM 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 CM AM Monplus NE are associated (or correlated) with Templeton Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Templeton Global has no effect on the direction of CM AM i.e., CM AM and Templeton Global go up and down completely randomly.
Pair Corralation between CM AM and Templeton Global
If you would invest 9,895 in CM AM Monplus NE on September 14, 2024 and sell it today you would earn a total of 723.00 from holding CM AM Monplus NE or generate 7.31% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
CM AM Monplus NE vs. Templeton Global AD
Performance |
| Timeline |
| CM AM Monplus |
| Templeton Global |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
CM AM and Templeton Global Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CM AM and Templeton Global
The main advantage of trading using opposite CM AM and Templeton Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CM AM position performs unexpectedly, Templeton Global 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 Templeton Global will offset losses from the drop in Templeton Global's long position.| CM AM vs. Groupama Entreprises N | CM AM vs. Renaissance Europe C | CM AM vs. Superior Plus Corp | CM AM vs. Origin Agritech |
| Templeton Global vs. Templeton Global Bond | Templeton Global vs. Templeton Asian Bond | Templeton Global vs. Templeton Global Bond | Templeton Global vs. Templeton Emerging Mkt |
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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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