Correlation Between BankInvest Value and IA Invest
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By analyzing existing cross correlation between BankInvest Value Globale and IA Invest Peruma, you can compare the effects of market volatilities on BankInvest Value and IA Invest 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 IA Invest. Check out your portfolio center. Please also check ongoing floating volatility patterns of BankInvest Value and IA Invest.
Diversification Opportunities for BankInvest Value and IA Invest
0.21 | Correlation Coefficient |
Modest diversification
The 3 months correlation between BankInvest and IAIPGA is 0.21. Overlapping area represents the amount of risk that can be diversified away by holding BankInvest Value Globale and IA Invest Peruma in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on IA Invest Peruma 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 IA Invest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IA Invest Peruma has no effect on the direction of BankInvest Value i.e., BankInvest Value and IA Invest go up and down completely randomly.
Pair Corralation between BankInvest Value and IA Invest
Assuming the 90 days trading horizon BankInvest Value Globale is expected to generate 0.86 times more return on investment than IA Invest. However, BankInvest Value Globale is 1.16 times less risky than IA Invest. It trades about 0.05 of its potential returns per unit of risk. IA Invest Peruma is currently generating about -0.01 per unit of risk. If you would invest 9,992 in BankInvest Value Globale on September 29, 2024 and sell it today you would earn a total of 483.00 from holding BankInvest Value Globale or generate 4.83% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 99.06% |
| Values | Daily Returns |
BankInvest Value Globale vs. IA Invest Peruma
Performance |
| Timeline |
| BankInvest Value Globale |
| IA Invest Peruma |
BankInvest Value and IA Invest Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BankInvest Value and IA Invest
The main advantage of trading using opposite BankInvest Value and IA Invest positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BankInvest Value position performs unexpectedly, IA Invest 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 IA Invest will offset losses from the drop in IA Invest'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 |
| IA Invest vs. BankInvest Value Globale | IA Invest vs. Scandinavian Medical Solutions | IA Invest vs. NTG Nordic Transport | IA Invest vs. Moens Bank AS |
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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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