Correlation Between Baloise Swiss and LO Funds
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By analyzing existing cross correlation between Baloise Swiss Property and LO Funds Swiss, you can compare the effects of market volatilities on Baloise Swiss and LO Funds 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 Baloise Swiss with a short position of LO Funds. Check out your portfolio center. Please also check ongoing floating volatility patterns of Baloise Swiss and LO Funds.
Diversification Opportunities for Baloise Swiss and LO Funds
-0.45 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Baloise and 0P00001R8Q is -0.45. Overlapping area represents the amount of risk that can be diversified away by holding Baloise Swiss Property and LO Funds Swiss in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LO Funds Swiss and Baloise Swiss 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 Baloise Swiss Property are associated (or correlated) with LO Funds. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LO Funds Swiss has no effect on the direction of Baloise Swiss i.e., Baloise Swiss and LO Funds go up and down completely randomly.
Pair Corralation between Baloise Swiss and LO Funds
Assuming the 90 days trading horizon Baloise Swiss Property is expected to generate 1.99 times more return on investment than LO Funds. However, Baloise Swiss is 1.99 times more volatile than LO Funds Swiss. It trades about 0.34 of its potential returns per unit of risk. LO Funds Swiss is currently generating about 0.18 per unit of risk. If you would invest 11,900 in Baloise Swiss Property on September 20, 2024 and sell it today you would earn a total of 750.00 from holding Baloise Swiss Property or generate 6.3% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 95.45% |
| Values | Daily Returns |
Baloise Swiss Property vs. LO Funds Swiss
Performance |
| Timeline |
| Baloise Swiss Property |
| LO Funds Swiss |
Baloise Swiss and LO Funds Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Baloise Swiss and LO Funds
The main advantage of trading using opposite Baloise Swiss and LO Funds positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Baloise Swiss position performs unexpectedly, LO Funds 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 LO Funds will offset losses from the drop in LO Funds' long position.| Baloise Swiss vs. SPDR Dow Jones | Baloise Swiss vs. Baloise Holding AG | Baloise Swiss vs. Banque Cantonale du | Baloise Swiss vs. 21Shares Polkadot ETP |
| LO Funds vs. SPDR Dow Jones | LO Funds vs. Baloise Holding AG | LO Funds vs. Banque Cantonale du | LO Funds vs. 21Shares Polkadot ETP |
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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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