Correlation Between BCV Swiss and SF Sustainable
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By analyzing existing cross correlation between BCV Swiss Equity and SF Sustainable Property, you can compare the effects of market volatilities on BCV Swiss and SF Sustainable 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 BCV Swiss with a short position of SF Sustainable. Check out your portfolio center. Please also check ongoing floating volatility patterns of BCV Swiss and SF Sustainable.
Diversification Opportunities for BCV Swiss and SF Sustainable
-0.18 | Correlation Coefficient |
Good diversification
The 3 months correlation between BCV and SFPF is -0.18. Overlapping area represents the amount of risk that can be diversified away by holding BCV Swiss Equity and SF Sustainable Property in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SF Sustainable Property and BCV Swiss 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 BCV Swiss Equity are associated (or correlated) with SF Sustainable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SF Sustainable Property has no effect on the direction of BCV Swiss i.e., BCV Swiss and SF Sustainable go up and down completely randomly.
Pair Corralation between BCV Swiss and SF Sustainable
Assuming the 90 days trading horizon BCV Swiss is expected to generate 1.03 times less return on investment than SF Sustainable. But when comparing it to its historical volatility, BCV Swiss Equity is 1.74 times less risky than SF Sustainable. It trades about 0.04 of its potential returns per unit of risk. SF Sustainable Property is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest 11,903 in SF Sustainable Property on October 13, 2024 and sell it today you would earn a total of 1,097 from holding SF Sustainable Property or generate 9.22% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 99.6% |
| Values | Daily Returns |
BCV Swiss Equity vs. SF Sustainable Property
Performance |
| Timeline |
| BCV Swiss Equity |
| SF Sustainable Property |
BCV Swiss and SF Sustainable Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BCV Swiss and SF Sustainable
The main advantage of trading using opposite BCV Swiss and SF Sustainable positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BCV Swiss position performs unexpectedly, SF Sustainable 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 SF Sustainable will offset losses from the drop in SF Sustainable's long position.| BCV Swiss vs. Procimmo Real Estate | BCV Swiss vs. SPDR Dow Jones | BCV Swiss vs. Baloise Holding AG | BCV Swiss vs. Autoneum Holding AG |
| SF Sustainable vs. Procimmo Real Estate | SF Sustainable vs. SPDR Dow Jones | SF Sustainable vs. Baloise Holding AG | SF Sustainable vs. Autoneum 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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