Correlation Between Aegon NV and DTRGR
Specify exactly 2 symbols:
By analyzing existing cross correlation between Aegon NV ADR and DTRGR 25 14 DEC 31, you can compare the effects of market volatilities on Aegon NV and DTRGR 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 Aegon NV with a short position of DTRGR. Check out your portfolio center. Please also check ongoing floating volatility patterns of Aegon NV and DTRGR.
Diversification Opportunities for Aegon NV and DTRGR
Pay attention - limited upside
The 3 months correlation between Aegon and DTRGR is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Aegon NV ADR and DTRGR 25 14 DEC 31 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on DTRGR 25 14 and Aegon NV 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 Aegon NV ADR are associated (or correlated) with DTRGR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DTRGR 25 14 has no effect on the direction of Aegon NV i.e., Aegon NV and DTRGR go up and down completely randomly.
Pair Corralation between Aegon NV and DTRGR
If you would invest 626.00 in Aegon NV ADR on October 22, 2024 and sell it today you would earn a total of 11.00 from holding Aegon NV ADR or generate 1.76% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 2.5% |
| Values | Daily Returns |
Aegon NV ADR vs. DTRGR 25 14 DEC 31
Performance |
| Timeline |
| Aegon NV ADR |
| DTRGR 25 14 |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Aegon NV and DTRGR Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Aegon NV and DTRGR
The main advantage of trading using opposite Aegon NV and DTRGR positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Aegon NV position performs unexpectedly, DTRGR 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 DTRGR will offset losses from the drop in DTRGR's long position.| Aegon NV vs. Hartford Financial Services | Aegon NV vs. Goosehead Insurance | Aegon NV vs. International General Insurance | Aegon NV vs. Enstar Group Limited |
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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Other Complementary Tools
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |