Correlation Between Armada Hflr and CSIF I
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By analyzing existing cross correlation between Armada Hflr Pr and CSIF I Bond, you can compare the effects of market volatilities on Armada Hflr and CSIF I 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 Armada Hflr with a short position of CSIF I. Check out your portfolio center. Please also check ongoing floating volatility patterns of Armada Hflr and CSIF I.
Diversification Opportunities for Armada Hflr and CSIF I
-0.7 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Armada and CSIF is -0.7. Overlapping area represents the amount of risk that can be diversified away by holding Armada Hflr Pr and CSIF I Bond in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CSIF I Bond and Armada Hflr 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 Armada Hflr Pr are associated (or correlated) with CSIF I. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CSIF I Bond has no effect on the direction of Armada Hflr i.e., Armada Hflr and CSIF I go up and down completely randomly.
Pair Corralation between Armada Hflr and CSIF I
Considering the 90-day investment horizon Armada Hflr Pr is expected to under-perform the CSIF I. In addition to that, Armada Hflr is 4.05 times more volatile than CSIF I Bond. It trades about -0.35 of its total potential returns per unit of risk. CSIF I Bond is currently generating about -0.18 per unit of volatility. If you would invest 68,180 in CSIF I Bond on December 11, 2024 and sell it today you would lose (710.00) from holding CSIF I Bond or give up 1.04% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Armada Hflr Pr vs. CSIF I Bond
Performance |
| Timeline |
| Armada Hflr Pr |
| CSIF I Bond |
Armada Hflr and CSIF I Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Armada Hflr and CSIF I
The main advantage of trading using opposite Armada Hflr and CSIF I positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Armada Hflr position performs unexpectedly, CSIF I 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 CSIF I will offset losses from the drop in CSIF I's long position.| Armada Hflr vs. Modiv Inc | Armada Hflr vs. Precinct Properties New | Armada Hflr vs. Global Net Lease | Armada Hflr vs. NexPoint Diversified Real |
| CSIF I vs. Procimmo Real Estate | CSIF I vs. Baloise Holding AG | CSIF I vs. Banque Cantonale du | CSIF I vs. Invesco EQQQ NASDAQ 100 |
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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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