Correlation Between BankInvest Optima and BankInvest Lange
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By analyzing existing cross correlation between BankInvest Optima 75 and BankInvest Lange Danske, you can compare the effects of market volatilities on BankInvest Optima and BankInvest Lange 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 Lange. Check out your portfolio center. Please also check ongoing floating volatility patterns of BankInvest Optima and BankInvest Lange.
Diversification Opportunities for BankInvest Optima and BankInvest Lange
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 75 and BankInvest Lange Danske in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BankInvest Lange Danske 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 75 are associated (or correlated) with BankInvest Lange. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BankInvest Lange Danske has no effect on the direction of BankInvest Optima i.e., BankInvest Optima and BankInvest Lange go up and down completely randomly.
Pair Corralation between BankInvest Optima and BankInvest Lange
If you would invest 8,888 in BankInvest Lange Danske on September 12, 2024 and sell it today you would earn a total of 108.00 from holding BankInvest Lange Danske or generate 1.22% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
BankInvest Optima 75 vs. BankInvest Lange Danske
Performance |
| Timeline |
| BankInvest Optima |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| BankInvest Lange Danske |
BankInvest Optima and BankInvest Lange Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BankInvest Optima and BankInvest Lange
The main advantage of trading using opposite BankInvest Optima and BankInvest Lange positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BankInvest Optima position performs unexpectedly, BankInvest Lange 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 Lange will offset losses from the drop in BankInvest Lange'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 Lange vs. Jyske Invest Nye | BankInvest Lange vs. Jyske Invest Korte | BankInvest Lange vs. Jyske Invest Nye | BankInvest Lange 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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