Correlation Between Afine Investments and Sasol
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By analyzing existing cross correlation between Afine Investments and Sasol Ltd Bee, you can compare the effects of market volatilities on Afine Investments and Sasol 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 Afine Investments with a short position of Sasol. Check out your portfolio center. Please also check ongoing floating volatility patterns of Afine Investments and Sasol.
Diversification Opportunities for Afine Investments and Sasol
0.13 | Correlation Coefficient |
Average diversification
The 3 months correlation between Afine and Sasol is 0.13. Overlapping area represents the amount of risk that can be diversified away by holding Afine Investments and Sasol Ltd Bee in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sasol Ltd Bee and Afine 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 Afine Investments are associated (or correlated) with Sasol. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sasol Ltd Bee has no effect on the direction of Afine Investments i.e., Afine Investments and Sasol go up and down completely randomly.
Pair Corralation between Afine Investments and Sasol
If you would invest 40,000 in Afine Investments on August 24, 2024 and sell it today you would earn a total of 0.00 from holding Afine Investments or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Afine Investments vs. Sasol Ltd Bee
Performance |
| Timeline |
| Afine Investments |
| Sasol Ltd Bee |
Afine Investments and Sasol Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Afine Investments and Sasol
The main advantage of trading using opposite Afine Investments and Sasol positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Afine Investments position performs unexpectedly, Sasol 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 Sasol will offset losses from the drop in Sasol's long position.| Afine Investments vs. Schroder European Real | Afine Investments vs. Centaur Bci Balanced | Afine Investments vs. Sabvest Capital | Afine Investments vs. Growthpoint Properties |
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 Commodity Directory module to find actively traded commodities issued by global exchanges.
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