Correlation Between Traton SE and SLR Investment
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By analyzing existing cross correlation between Traton SE and SLR Investment Corp, you can compare the effects of market volatilities on Traton SE and SLR Investment 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 Traton SE with a short position of SLR Investment. Check out your portfolio center. Please also check ongoing floating volatility patterns of Traton SE and SLR Investment.
Diversification Opportunities for Traton SE and SLR Investment
0.01 | Correlation Coefficient |
Significant diversification
The 3 months correlation between Traton and SLR is 0.01. Overlapping area represents the amount of risk that can be diversified away by holding Traton SE and SLR Investment Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SLR Investment Corp and Traton SE 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 Traton SE are associated (or correlated) with SLR Investment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SLR Investment Corp has no effect on the direction of Traton SE i.e., Traton SE and SLR Investment go up and down completely randomly.
Pair Corralation between Traton SE and SLR Investment
Assuming the 90 days trading horizon Traton SE is expected to under-perform the SLR Investment. In addition to that, Traton SE is 1.16 times more volatile than SLR Investment Corp. It trades about -0.11 of its total potential returns per unit of risk. SLR Investment Corp is currently generating about 0.1 per unit of volatility. If you would invest 1,530 in SLR Investment Corp on September 12, 2024 and sell it today you would earn a total of 48.00 from holding SLR Investment Corp or generate 3.14% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Traton SE vs. SLR Investment Corp
Performance |
| Timeline |
| Traton SE |
| SLR Investment Corp |
Traton SE and SLR Investment Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Traton SE and SLR Investment
The main advantage of trading using opposite Traton SE and SLR Investment positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Traton SE position performs unexpectedly, SLR Investment 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 SLR Investment will offset losses from the drop in SLR Investment's long position.| Traton SE vs. LANDSEA GREEN MANAGEMENT | Traton SE vs. Nordic Semiconductor ASA | Traton SE vs. Magnachip Semiconductor | Traton SE vs. NXP Semiconductors NV |
| SLR Investment vs. Ameriprise Financial | SLR Investment vs. Ares Management Corp | SLR Investment vs. Superior Plus Corp | SLR Investment vs. SIVERS SEMICONDUCTORS AB |
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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