Correlation Between BEKA LUX and BGF World
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By analyzing existing cross correlation between BEKA LUX SICAV and BGF World Gold, you can compare the effects of market volatilities on BEKA LUX and BGF World 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 BEKA LUX with a short position of BGF World. Check out your portfolio center. Please also check ongoing floating volatility patterns of BEKA LUX and BGF World.
Diversification Opportunities for BEKA LUX and BGF World
Pay attention - limited upside
The 3 months correlation between BEKA and BGF is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding BEKA LUX SICAV and BGF World Gold in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BGF World Gold and BEKA LUX 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 BEKA LUX SICAV are associated (or correlated) with BGF World. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BGF World Gold has no effect on the direction of BEKA LUX i.e., BEKA LUX and BGF World go up and down completely randomly.
Pair Corralation between BEKA LUX and BGF World
If you would invest 8,731 in BEKA LUX SICAV on September 14, 2024 and sell it today you would earn a total of 52.00 from holding BEKA LUX SICAV or generate 0.6% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
BEKA LUX SICAV vs. BGF World Gold
Performance |
| Timeline |
| BEKA LUX SICAV |
| BGF World Gold |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
BEKA LUX and BGF World Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BEKA LUX and BGF World
The main advantage of trading using opposite BEKA LUX and BGF World positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BEKA LUX position performs unexpectedly, BGF World 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 BGF World will offset losses from the drop in BGF World's long position.| BEKA LUX vs. Groupama Entreprises N | BEKA LUX vs. Renaissance Europe C | BEKA LUX vs. Superior Plus Corp | BEKA LUX vs. Origin Agritech |
| BGF World vs. R co Thematic Silver | BGF World vs. Esfera Robotics R | BGF World vs. R co Valor F | BGF World vs. CM AM Monplus NE |
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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