Correlation Between BankInvest Globale and C WorldWide
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By analyzing existing cross correlation between BankInvest Globale Indeksobligationer and C WorldWide Globale, you can compare the effects of market volatilities on BankInvest Globale and C WorldWide 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 BankInvest Globale with a short position of C WorldWide. Check out your portfolio center. Please also check ongoing floating volatility patterns of BankInvest Globale and C WorldWide.
Diversification Opportunities for BankInvest Globale and C WorldWide
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between BankInvest and CWIGAKLA is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding BankInvest Globale Indeksoblig and C WorldWide Globale in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on C WorldWide Globale and BankInvest Globale 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 BankInvest Globale Indeksobligationer are associated (or correlated) with C WorldWide. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of C WorldWide Globale has no effect on the direction of BankInvest Globale i.e., BankInvest Globale and C WorldWide go up and down completely randomly.
Pair Corralation between BankInvest Globale and C WorldWide
If you would invest 91,970 in C WorldWide Globale on September 12, 2024 and sell it today you would earn a total of 6,260 from holding C WorldWide Globale or generate 6.81% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
BankInvest Globale Indeksoblig vs. C WorldWide Globale
Performance |
| Timeline |
| BankInvest Globale |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| C WorldWide Globale |
BankInvest Globale and C WorldWide Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BankInvest Globale and C WorldWide
The main advantage of trading using opposite BankInvest Globale and C WorldWide positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BankInvest Globale position performs unexpectedly, C WorldWide 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 C WorldWide will offset losses from the drop in C WorldWide's long position.| BankInvest Globale vs. BankInvest Emerging | BankInvest Globale vs. BankInvest Emerging | BankInvest Globale vs. BankInvest Lange Danske | BankInvest Globale vs. BankInvest Hjt |
| C WorldWide vs. Bavarian Nordic | C WorldWide vs. Investeringsselskabet Luxor AS | C WorldWide vs. cBrain AS | C WorldWide vs. Fast Ejendom |
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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
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