Correlation Between Allfunds and SBF 120
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By analyzing existing cross correlation between Allfunds Group and SBF 120 Gross, you can compare the effects of market volatilities on Allfunds and SBF 120 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 Allfunds with a short position of SBF 120. Check out your portfolio center. Please also check ongoing floating volatility patterns of Allfunds and SBF 120.
Diversification Opportunities for Allfunds and SBF 120
Excellent diversification
The 3 months correlation between Allfunds and SBF is -0.57. Overlapping area represents the amount of risk that can be diversified away by holding Allfunds Group and SBF 120 Gross in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SBF 120 Gross and Allfunds 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 Allfunds Group are associated (or correlated) with SBF 120. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SBF 120 Gross has no effect on the direction of Allfunds i.e., Allfunds and SBF 120 go up and down completely randomly.
Pair Corralation between Allfunds and SBF 120
Assuming the 90 days trading horizon Allfunds Group is expected to under-perform the SBF 120. In addition to that, Allfunds is 2.54 times more volatile than SBF 120 Gross. It trades about -0.02 of its total potential returns per unit of risk. SBF 120 Gross is currently generating about 0.05 per unit of volatility. If you would invest 1,404,883 in SBF 120 Gross on December 1, 2024 and sell it today you would earn a total of 298,605 from holding SBF 120 Gross or generate 21.25% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Allfunds Group vs. SBF 120 Gross
Performance |
| Timeline |
Allfunds and SBF 120 Volatility Contrast
Predicted Return Density |
| Returns |
Allfunds Group
Pair trading matchups for Allfunds
SBF 120 Gross
Pair trading matchups for SBF 120
Pair Trading with Allfunds and SBF 120
The main advantage of trading using opposite Allfunds and SBF 120 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Allfunds position performs unexpectedly, SBF 120 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 SBF 120 will offset losses from the drop in SBF 120's long position.| Allfunds vs. Instalco Intressenter AB | Allfunds vs. Euronext NV | Allfunds vs. Linea Directa Aseguradora | Allfunds vs. Pershing Square Holdings |
| SBF 120 vs. BE Semiconductor Industries | SBF 120 vs. Accsys Technologies | SBF 120 vs. AMG Advanced Metallurgical | SBF 120 vs. Allfunds Group |
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.
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