Correlation Between BankInvest Value and BankInvest Optima
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By analyzing existing cross correlation between BankInvest Value Globale and BankInvest Optima 30, you can compare the effects of market volatilities on BankInvest Value and BankInvest Optima 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 Value with a short position of BankInvest Optima. Check out your portfolio center. Please also check ongoing floating volatility patterns of BankInvest Value and BankInvest Optima.
Diversification Opportunities for BankInvest Value and BankInvest Optima
0.91 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between BankInvest and BankInvest is 0.91. Overlapping area represents the amount of risk that can be diversified away by holding BankInvest Value Globale and BankInvest Optima 30 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BankInvest Optima and BankInvest Value 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 Value Globale are associated (or correlated) with BankInvest Optima. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BankInvest Optima has no effect on the direction of BankInvest Value i.e., BankInvest Value and BankInvest Optima go up and down completely randomly.
Pair Corralation between BankInvest Value and BankInvest Optima
Assuming the 90 days trading horizon BankInvest Value Globale is expected to under-perform the BankInvest Optima. In addition to that, BankInvest Value is 2.7 times more volatile than BankInvest Optima 30. It trades about -0.11 of its total potential returns per unit of risk. BankInvest Optima 30 is currently generating about -0.09 per unit of volatility. If you would invest 10,585 in BankInvest Optima 30 on January 26, 2025 and sell it today you would lose (205.00) from holding BankInvest Optima 30 or give up 1.94% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
BankInvest Value Globale vs. BankInvest Optima 30
Performance |
| Timeline |
| BankInvest Value Globale |
| BankInvest Optima |
BankInvest Value and BankInvest Optima Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BankInvest Value and BankInvest Optima
The main advantage of trading using opposite BankInvest Value and BankInvest Optima positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BankInvest Value position performs unexpectedly, BankInvest Optima 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 BankInvest Optima will offset losses from the drop in BankInvest Optima's long position.| BankInvest Value vs. Novo Nordisk AS | BankInvest Value vs. Nordea Bank Abp | BankInvest Value vs. DSV Panalpina AS | BankInvest Value vs. AP Mller |
| BankInvest Optima vs. Novo Nordisk AS | BankInvest Optima vs. Nordea Bank Abp | BankInvest Optima vs. DSV Panalpina AS | BankInvest Optima vs. AP Mller |
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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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