Correlation Between Amir Marketing and G Willi
Can any of the company-specific risk be diversified away by investing in both Amir Marketing 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 Amir Marketing and G Willi into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Amir Marketing and and G Willi Food International, you can compare the effects of market volatilities on Amir Marketing 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 Amir Marketing with a short position of G Willi. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amir Marketing and G Willi.
Diversification Opportunities for Amir Marketing and G Willi
-0.03 | Correlation Coefficient |
Good diversification
The 3 months correlation between Amir and WILC is -0.03. Overlapping area represents the amount of risk that can be diversified away by holding Amir Marketing and 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 Amir Marketing 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 Amir Marketing and 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 Amir Marketing i.e., Amir Marketing and G Willi go up and down completely randomly.
Pair Corralation between Amir Marketing and G Willi
Assuming the 90 days trading horizon Amir Marketing is expected to generate 1.1 times less return on investment than G Willi. In addition to that, Amir Marketing is 1.11 times more volatile than G Willi Food International. It trades about 0.11 of its total potential returns per unit of risk. G Willi Food International is currently generating about 0.14 per unit of volatility. If you would invest 369,129 in G Willi Food International on November 3, 2024 and sell it today you would earn a total of 220,471 from holding G Willi Food International or generate 59.73% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Amir Marketing and vs. G Willi Food International
Performance |
| Timeline |
| Amir Marketing |
| G Willi Food |
Amir Marketing and G Willi Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Amir Marketing and G Willi
The main advantage of trading using opposite Amir Marketing and G Willi positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amir Marketing 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.| Amir Marketing vs. Together Startup Network | Amir Marketing vs. Intercure | Amir Marketing vs. Cannassure Therapeutics | Amir Marketing vs. ICL Israel Chemicals |
| G Willi vs. Adgar Investments and | G Willi vs. Harel Insurance Investments | G Willi vs. Ram On Investments and | G Willi vs. Meitav Dash Investments |
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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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