Correlation Between APG Securities and Foreign Trade
Can any of the company-specific risk be diversified away by investing in both APG Securities and Foreign Trade 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 APG Securities and Foreign Trade into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between APG Securities Joint and Foreign Trade Development, you can compare the effects of market volatilities on APG Securities and Foreign Trade 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 APG Securities with a short position of Foreign Trade. Check out your portfolio center. Please also check ongoing floating volatility patterns of APG Securities and Foreign Trade.
Diversification Opportunities for APG Securities and Foreign Trade
-0.47 | Correlation Coefficient |
Very good diversification
The 3 months correlation between APG and Foreign is -0.47. Overlapping area represents the amount of risk that can be diversified away by holding APG Securities Joint and Foreign Trade Development in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Foreign Trade Development and APG Securities 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 APG Securities Joint are associated (or correlated) with Foreign Trade. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Foreign Trade Development has no effect on the direction of APG Securities i.e., APG Securities and Foreign Trade go up and down completely randomly.
Pair Corralation between APG Securities and Foreign Trade
If you would invest 679,000 in APG Securities Joint on October 29, 2024 and sell it today you would earn a total of 21,000 from holding APG Securities Joint or generate 3.09% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Against |
Strength | Very Weak |
Accuracy | 35.0% |
Values | Daily Returns |
APG Securities Joint vs. Foreign Trade Development
Performance |
Timeline |
APG Securities Joint |
Foreign Trade Development |
APG Securities and Foreign Trade Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with APG Securities and Foreign Trade
The main advantage of trading using opposite APG Securities and Foreign Trade positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if APG Securities position performs unexpectedly, Foreign Trade 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 Foreign Trade will offset losses from the drop in Foreign Trade's long position.APG Securities vs. Vietnam Technological And | APG Securities vs. Danang Education Investment | APG Securities vs. Sao Ta Foods | APG Securities vs. Innovative Technology Development |
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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 Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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