Correlation Between Amot Investments and IBI Mutual
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By analyzing existing cross correlation between Amot Investments and IBI Mutual Funds, you can compare the effects of market volatilities on Amot Investments and IBI Mutual 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 Amot Investments with a short position of IBI Mutual. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amot Investments and IBI Mutual.
Diversification Opportunities for Amot Investments and IBI Mutual
0.67 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Amot and IBI is 0.67. Overlapping area represents the amount of risk that can be diversified away by holding Amot Investments and IBI Mutual Funds in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on IBI Mutual Funds and Amot Investments 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 Amot Investments are associated (or correlated) with IBI Mutual. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IBI Mutual Funds has no effect on the direction of Amot Investments i.e., Amot Investments and IBI Mutual go up and down completely randomly.
Pair Corralation between Amot Investments and IBI Mutual
Assuming the 90 days trading horizon Amot Investments is expected to generate 0.71 times more return on investment than IBI Mutual. However, Amot Investments is 1.42 times less risky than IBI Mutual. It trades about 0.49 of its potential returns per unit of risk. IBI Mutual Funds is currently generating about 0.02 per unit of risk. If you would invest 179,773 in Amot Investments on September 1, 2024 and sell it today you would earn a total of 20,327 from holding Amot Investments or generate 11.31% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Amot Investments vs. IBI Mutual Funds
Performance |
| Timeline |
| Amot Investments |
| IBI Mutual Funds |
Amot Investments and IBI Mutual Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Amot Investments and IBI Mutual
The main advantage of trading using opposite Amot Investments and IBI Mutual positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amot Investments position performs unexpectedly, IBI Mutual 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 IBI Mutual will offset losses from the drop in IBI Mutual's long position.| Amot Investments vs. Melisron | Amot Investments vs. Fattal 1998 Holdings | Amot Investments vs. Azrieli Group | Amot Investments vs. Clal Insurance Enterprises |
| IBI Mutual vs. Feat Fund Investments | IBI Mutual vs. Hiron Trade Investments Industrial | IBI Mutual vs. Amir Marketing and | IBI Mutual vs. Adgar Investments and |
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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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