Correlation Between Julius Baer and Leonteq AG
Can any of the company-specific risk be diversified away by investing in both Julius Baer and Leonteq AG 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 Julius Baer and Leonteq AG into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Julius Baer Gruppe and Leonteq AG, you can compare the effects of market volatilities on Julius Baer and Leonteq AG 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 Julius Baer with a short position of Leonteq AG. Check out your portfolio center. Please also check ongoing floating volatility patterns of Julius Baer and Leonteq AG.
Diversification Opportunities for Julius Baer and Leonteq AG
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Julius and Leonteq is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Julius Baer Gruppe and Leonteq AG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Leonteq AG and Julius Baer 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 Julius Baer Gruppe are associated (or correlated) with Leonteq AG. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Leonteq AG has no effect on the direction of Julius Baer i.e., Julius Baer and Leonteq AG go up and down completely randomly.
Pair Corralation between Julius Baer and Leonteq AG
If you would invest (100.00) in Julius Baer Gruppe on August 29, 2024 and sell it today you would earn a total of 100.00 from holding Julius Baer Gruppe or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Julius Baer Gruppe vs. Leonteq AG
Performance |
| Timeline |
| Julius Baer Gruppe |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Good
| Leonteq AG |
Julius Baer and Leonteq AG Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Julius Baer and Leonteq AG
The main advantage of trading using opposite Julius Baer and Leonteq AG positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Julius Baer position performs unexpectedly, Leonteq AG 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 Leonteq AG will offset losses from the drop in Leonteq AG's long position.| Julius Baer vs. Swiss Life Holding | Julius Baer vs. UBS Group AG | Julius Baer vs. Adecco Group AG | Julius Baer vs. Zurich Insurance Group |
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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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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