Correlation Between AMREP and BPCEGP
Specify exactly 2 symbols:
By analyzing existing cross correlation between AMREP and BPCEGP 2277 20 JAN 32, you can compare the effects of market volatilities on AMREP and BPCEGP 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 AMREP with a short position of BPCEGP. Check out your portfolio center. Please also check ongoing floating volatility patterns of AMREP and BPCEGP.
Diversification Opportunities for AMREP and BPCEGP
Excellent diversification
The 3 months correlation between AMREP and BPCEGP is -0.53. Overlapping area represents the amount of risk that can be diversified away by holding AMREP and BPCEGP 2277 20 JAN 32 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BPCEGP 2277 20 and AMREP 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 AMREP are associated (or correlated) with BPCEGP. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BPCEGP 2277 20 has no effect on the direction of AMREP i.e., AMREP and BPCEGP go up and down completely randomly.
Pair Corralation between AMREP and BPCEGP
Considering the 90-day investment horizon AMREP is expected to generate 3.55 times more return on investment than BPCEGP. However, AMREP is 3.55 times more volatile than BPCEGP 2277 20 JAN 32. It trades about 0.08 of its potential returns per unit of risk. BPCEGP 2277 20 JAN 32 is currently generating about 0.0 per unit of risk. If you would invest 2,115 in AMREP on September 14, 2024 and sell it today you would earn a total of 1,434 from holding AMREP or generate 67.8% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 60.64% |
| Values | Daily Returns |
AMREP vs. BPCEGP 2277 20 JAN 32
Performance |
| Timeline |
| AMREP |
| BPCEGP 2277 20 |
AMREP and BPCEGP Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with AMREP and BPCEGP
The main advantage of trading using opposite AMREP and BPCEGP positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AMREP position performs unexpectedly, BPCEGP 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 BPCEGP will offset losses from the drop in BPCEGP's long position.| AMREP vs. Landsea Homes Corp | AMREP vs. Forestar Group | AMREP vs. Five Point Holdings | AMREP vs. American Realty Investors |
| BPCEGP vs. HUTCHMED DRC | BPCEGP vs. Grocery Outlet Holding | BPCEGP vs. SunLink Health Systems | BPCEGP vs. Xponential Fitness |
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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Other Complementary Tools
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |