Correlation Between Aiforia Technologies and F SECURE
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By analyzing existing cross correlation between Aiforia Technologies Oyj and F SECURE OYJ, you can compare the effects of market volatilities on Aiforia Technologies and F SECURE 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 Aiforia Technologies with a short position of F SECURE. Check out your portfolio center. Please also check ongoing floating volatility patterns of Aiforia Technologies and F SECURE.
Diversification Opportunities for Aiforia Technologies and F SECURE
0.42 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Aiforia and FSECURE is 0.42. Overlapping area represents the amount of risk that can be diversified away by holding Aiforia Technologies Oyj and F SECURE OYJ in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on F SECURE OYJ and Aiforia Technologies 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 Aiforia Technologies Oyj are associated (or correlated) with F SECURE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of F SECURE OYJ has no effect on the direction of Aiforia Technologies i.e., Aiforia Technologies and F SECURE go up and down completely randomly.
Pair Corralation between Aiforia Technologies and F SECURE
Assuming the 90 days trading horizon Aiforia Technologies Oyj is expected to under-perform the F SECURE. But the stock apears to be less risky and, when comparing its historical volatility, Aiforia Technologies Oyj is 1.14 times less risky than F SECURE. The stock trades about -0.37 of its potential returns per unit of risk. The F SECURE OYJ is currently generating about -0.16 of returns per unit of risk over similar time horizon. If you would invest 204.00 in F SECURE OYJ on August 28, 2024 and sell it today you would lose (16.00) from holding F SECURE OYJ or give up 7.84% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Aiforia Technologies Oyj vs. F SECURE OYJ
Performance |
| Timeline |
| Aiforia Technologies Oyj |
| F SECURE OYJ |
Aiforia Technologies and F SECURE Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Aiforia Technologies and F SECURE
The main advantage of trading using opposite Aiforia Technologies and F SECURE positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Aiforia Technologies position performs unexpectedly, F SECURE 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 F SECURE will offset losses from the drop in F SECURE's long position.| Aiforia Technologies vs. Kamux Suomi Oy | Aiforia Technologies vs. Harvia Oyj | Aiforia Technologies vs. Qt Group Oyj | Aiforia Technologies vs. Tecnotree Oyj |
| F SECURE vs. Trainers House Oyj | F SECURE vs. Detection Technology OY | F SECURE vs. Reka Industrial Oyj | F SECURE vs. Aiforia Technologies Oyj |
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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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