Correlation Between Aura Investments and Feat Fund
Can any of the company-specific risk be diversified away by investing in both Aura Investments and Feat Fund 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 Aura Investments and Feat Fund into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Aura Investments and Feat Fund Investments, you can compare the effects of market volatilities on Aura Investments and Feat Fund 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 Aura Investments with a short position of Feat Fund. Check out your portfolio center. Please also check ongoing floating volatility patterns of Aura Investments and Feat Fund.
Diversification Opportunities for Aura Investments and Feat Fund
0.71 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Aura and Feat is 0.71. Overlapping area represents the amount of risk that can be diversified away by holding Aura Investments and Feat Fund Investments in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Feat Fund Investments and Aura 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 Aura Investments are associated (or correlated) with Feat Fund. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Feat Fund Investments has no effect on the direction of Aura Investments i.e., Aura Investments and Feat Fund go up and down completely randomly.
Pair Corralation between Aura Investments and Feat Fund
If you would invest 14,250 in Feat Fund Investments on November 29, 2024 and sell it today you would earn a total of 0.00 from holding Feat Fund Investments or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Aura Investments vs. Feat Fund Investments
Performance |
| Timeline |
| Aura Investments |
| Feat Fund Investments |
Aura Investments and Feat Fund Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Aura Investments and Feat Fund
The main advantage of trading using opposite Aura Investments and Feat Fund positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Aura Investments position performs unexpectedly, Feat Fund 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 Feat Fund will offset losses from the drop in Feat Fund's long position.| Aura Investments vs. Israel Canada | Aura Investments vs. Azrieli Group | Aura Investments vs. Delek Group | Aura Investments vs. Shikun Binui |
| Feat Fund vs. Mobile Max M | Feat Fund vs. Shagrir Group Vehicle | Feat Fund vs. B Communications | Feat Fund vs. Amir Marketing 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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