Correlation Between Amot Investments and G Willi
Can any of the company-specific risk be diversified away by investing in both Amot Investments and G Willi at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Amot Investments and G Willi into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Amot Investments and G Willi Food International, you can compare the effects of market volatilities on Amot Investments and G Willi 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 G Willi. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amot Investments and G Willi.
Diversification Opportunities for Amot Investments and G Willi
0.85 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Amot and WILC is 0.85. Overlapping area represents the amount of risk that can be diversified away by holding Amot Investments and G Willi Food International in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on G Willi Food 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 G Willi. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of G Willi Food has no effect on the direction of Amot Investments i.e., Amot Investments and G Willi go up and down completely randomly.
Pair Corralation between Amot Investments and G Willi
Assuming the 90 days trading horizon Amot Investments is expected to generate 93.35 times less return on investment than G Willi. In addition to that, Amot Investments is 1.16 times more volatile than G Willi Food International. It trades about 0.0 of its total potential returns per unit of risk. G Willi Food International is currently generating about 0.3 per unit of volatility. If you would invest 522,900 in G Willi Food International on November 27, 2024 and sell it today you would earn a total of 104,800 from holding G Willi Food International or generate 20.04% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Amot Investments vs. G Willi Food International
Performance |
| Timeline |
| Amot Investments |
| G Willi Food |
Amot Investments and G Willi Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Amot Investments and G Willi
The main advantage of trading using opposite Amot Investments and G Willi positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amot Investments position performs unexpectedly, G Willi 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 G Willi will offset losses from the drop in G Willi's long position.| Amot Investments vs. Alony Hetz Properties | Amot Investments vs. Azrieli Group | Amot Investments vs. Melisron | Amot Investments vs. Bank Leumi Le Israel |
| G Willi vs. YD More Investments | G Willi vs. B Communications | G Willi vs. Sofwave Medical | G Willi vs. Insuline Medical |
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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Other Complementary Tools
| Stocks Directory Find actively traded stocks across global markets | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |