Correlation Between AmTrust Financial and GLENLN
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By analyzing existing cross correlation between AmTrust Financial Services and GLENLN 1625 27 APR 26, you can compare the effects of market volatilities on AmTrust Financial and GLENLN 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 AmTrust Financial with a short position of GLENLN. Check out your portfolio center. Please also check ongoing floating volatility patterns of AmTrust Financial and GLENLN.
Diversification Opportunities for AmTrust Financial and GLENLN
-0.05 | Correlation Coefficient |
Good diversification
The 3 months correlation between AmTrust and GLENLN is -0.05. Overlapping area represents the amount of risk that can be diversified away by holding AmTrust Financial Services and GLENLN 1625 27 APR 26 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GLENLN 1625 27 and AmTrust Financial 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 AmTrust Financial Services are associated (or correlated) with GLENLN. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GLENLN 1625 27 has no effect on the direction of AmTrust Financial i.e., AmTrust Financial and GLENLN go up and down completely randomly.
Pair Corralation between AmTrust Financial and GLENLN
Assuming the 90 days horizon AmTrust Financial Services is expected to generate 9.17 times more return on investment than GLENLN. However, AmTrust Financial is 9.17 times more volatile than GLENLN 1625 27 APR 26. It trades about 0.14 of its potential returns per unit of risk. GLENLN 1625 27 APR 26 is currently generating about -0.12 per unit of risk. If you would invest 1,354 in AmTrust Financial Services on December 4, 2024 and sell it today you would earn a total of 86.00 from holding AmTrust Financial Services or generate 6.35% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 70.0% |
| Values | Daily Returns |
AmTrust Financial Services vs. GLENLN 1625 27 APR 26
Performance |
| Timeline |
| AmTrust Financial |
| GLENLN 1625 27 |
AmTrust Financial and GLENLN Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with AmTrust Financial and GLENLN
The main advantage of trading using opposite AmTrust Financial and GLENLN positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AmTrust Financial position performs unexpectedly, GLENLN 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 GLENLN will offset losses from the drop in GLENLN's long position.| AmTrust Financial vs. AmTrust Financial Services | AmTrust Financial vs. AmTrust Financial Services | AmTrust Financial vs. AmTrust Financial Services | AmTrust Financial vs. AmTrust Financial Services |
| GLENLN vs. Postal Realty Trust | GLENLN vs. Envista Holdings Corp | GLENLN vs. Qorvo Inc | GLENLN vs. Entegris |
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 Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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