Correlation Between BankInvest Optima and BankInvest Hjt
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By analyzing existing cross correlation between BankInvest Optima 10 and BankInvest Hjt, you can compare the effects of market volatilities on BankInvest Optima and BankInvest Hjt 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 Optima with a short position of BankInvest Hjt. Check out your portfolio center. Please also check ongoing floating volatility patterns of BankInvest Optima and BankInvest Hjt.
Diversification Opportunities for BankInvest Optima and BankInvest Hjt
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between BankInvest and BankInvest is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding BankInvest Optima 10 and BankInvest Hjt in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BankInvest Hjt and BankInvest Optima 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 Optima 10 are associated (or correlated) with BankInvest Hjt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BankInvest Hjt has no effect on the direction of BankInvest Optima i.e., BankInvest Optima and BankInvest Hjt go up and down completely randomly.
Pair Corralation between BankInvest Optima and BankInvest Hjt
If you would invest 14,775 in BankInvest Hjt on September 12, 2024 and sell it today you would earn a total of 1,150 from holding BankInvest Hjt or generate 7.78% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
BankInvest Optima 10 vs. BankInvest Hjt
Performance |
| Timeline |
| BankInvest Optima |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| BankInvest Hjt |
BankInvest Optima and BankInvest Hjt Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BankInvest Optima and BankInvest Hjt
The main advantage of trading using opposite BankInvest Optima and BankInvest Hjt positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BankInvest Optima position performs unexpectedly, BankInvest Hjt 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 Hjt will offset losses from the drop in BankInvest Hjt's long position.| BankInvest Optima vs. BankInvest Emerging | BankInvest Optima vs. BankInvest Emerging | BankInvest Optima vs. BankInvest Lange Danske | BankInvest Optima vs. BankInvest Hjt |
| BankInvest Hjt vs. Jyske Invest Nye | BankInvest Hjt vs. Jyske Invest Korte | BankInvest Hjt vs. Jyske Invest Nye | BankInvest Hjt vs. Jyske Invest Virksomhedsobligationer |
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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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