Correlation Between Assurant and 30303M8G0
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By analyzing existing cross correlation between Assurant and META 35 15 AUG 27, you can compare the effects of market volatilities on Assurant and 30303M8G0 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 Assurant with a short position of 30303M8G0. Check out your portfolio center. Please also check ongoing floating volatility patterns of Assurant and 30303M8G0.
Diversification Opportunities for Assurant and 30303M8G0
Excellent diversification
The 3 months correlation between Assurant and 30303M8G0 is -0.61. Overlapping area represents the amount of risk that can be diversified away by holding Assurant and META 35 15 AUG 27 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on META 35 15 and Assurant 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 Assurant are associated (or correlated) with 30303M8G0. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of META 35 15 has no effect on the direction of Assurant i.e., Assurant and 30303M8G0 go up and down completely randomly.
Pair Corralation between Assurant and 30303M8G0
Considering the 90-day investment horizon Assurant is expected to generate 3.42 times more return on investment than 30303M8G0. However, Assurant is 3.42 times more volatile than META 35 15 AUG 27. It trades about 0.11 of its potential returns per unit of risk. META 35 15 AUG 27 is currently generating about 0.01 per unit of risk. If you would invest 16,567 in Assurant on September 2, 2024 and sell it today you would earn a total of 6,143 from holding Assurant or generate 37.08% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 99.19% |
| Values | Daily Returns |
Assurant vs. META 35 15 AUG 27
Performance |
| Timeline |
| Assurant |
| META 35 15 |
Assurant and 30303M8G0 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Assurant and 30303M8G0
The main advantage of trading using opposite Assurant and 30303M8G0 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Assurant position performs unexpectedly, 30303M8G0 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 30303M8G0 will offset losses from the drop in 30303M8G0's long position.| Assurant vs. Assured Guaranty | Assurant vs. Ambac Financial Group | Assurant vs. AMERISAFE | Assurant vs. Enact Holdings |
| 30303M8G0 vs. Assurant | 30303M8G0 vs. Simon Property Group | 30303M8G0 vs. Valvoline | 30303M8G0 vs. Sun Life Financial |
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 Anywhere module to track or share privately all of your investments from the convenience of any device.
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