Correlation Between Amata Public and B GRIMM
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By analyzing existing cross correlation between Amata Public and B GRIMM POWER, you can compare the effects of market volatilities on Amata Public and B GRIMM 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 Amata Public with a short position of B GRIMM. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amata Public and B GRIMM.
Diversification Opportunities for Amata Public and B GRIMM
-0.1 | Correlation Coefficient |
Good diversification
The 3 months correlation between Amata and BGRIM-R is -0.1. Overlapping area represents the amount of risk that can be diversified away by holding Amata Public and B GRIMM POWER in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on B GRIMM POWER and Amata Public 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 Amata Public are associated (or correlated) with B GRIMM. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of B GRIMM POWER has no effect on the direction of Amata Public i.e., Amata Public and B GRIMM go up and down completely randomly.
Pair Corralation between Amata Public and B GRIMM
If you would invest 2,270 in Amata Public on September 13, 2024 and sell it today you would earn a total of 0.00 from holding Amata Public or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 90.0% |
| Values | Daily Returns |
Amata Public vs. B GRIMM POWER
Performance |
| Timeline |
| Amata Public |
| B GRIMM POWER |
Amata Public and B GRIMM Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Amata Public and B GRIMM
The main advantage of trading using opposite Amata Public and B GRIMM positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amata Public position performs unexpectedly, B GRIMM 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 B GRIMM will offset losses from the drop in B GRIMM's long position.| Amata Public vs. LH Hotel Leasehold | Amata Public vs. Digital Telecommunications Infrastructure | Amata Public vs. MFC Industrial Investment | Amata Public vs. Global Green Chemicals |
| B GRIMM vs. Super Energy | B GRIMM vs. The Erawan Group | B GRIMM vs. XSpring Capital Public | B GRIMM vs. Ditto Public |
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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
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