Correlation Between Amincor and GOLDMAN
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By analyzing existing cross correlation between Amincor and GOLDMAN SACHS GROUP, you can compare the effects of market volatilities on Amincor and GOLDMAN 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 Amincor with a short position of GOLDMAN. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amincor and GOLDMAN.
Diversification Opportunities for Amincor and GOLDMAN
Very good diversification
The 3 months correlation between Amincor and GOLDMAN is -0.35. Overlapping area represents the amount of risk that can be diversified away by holding Amincor and GOLDMAN SACHS GROUP in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GOLDMAN SACHS GROUP and Amincor 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 Amincor are associated (or correlated) with GOLDMAN. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GOLDMAN SACHS GROUP has no effect on the direction of Amincor i.e., Amincor and GOLDMAN go up and down completely randomly.
Pair Corralation between Amincor and GOLDMAN
If you would invest 23.00 in Amincor on November 2, 2024 and sell it today you would earn a total of 0.00 from holding Amincor or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Amincor vs. GOLDMAN SACHS GROUP
Performance |
| Timeline |
| Amincor |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
OK
| GOLDMAN SACHS GROUP |
Amincor and GOLDMAN Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Amincor and GOLDMAN
The main advantage of trading using opposite Amincor and GOLDMAN positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amincor position performs unexpectedly, GOLDMAN 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 GOLDMAN will offset losses from the drop in GOLDMAN's long position.| Amincor vs. BAB Inc | Amincor vs. FitLife Brands, Common | Amincor vs. The A2 Milk | Amincor vs. Artisan Consumer Goods |
| GOLDMAN vs. Sun Country Airlines | GOLDMAN vs. Transocean | GOLDMAN vs. Delek Drilling | GOLDMAN vs. Verra Mobility Corp |
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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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