Correlation Between Baloise Swiss and VALORA HLDG
Can any of the company-specific risk be diversified away by investing in both Baloise Swiss and VALORA HLDG at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Baloise Swiss and VALORA HLDG into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Baloise Swiss Property and VALORA HLDG OPEN, you can compare the effects of market volatilities on Baloise Swiss and VALORA HLDG 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 VALORA HLDG. Check out your portfolio center. Please also check ongoing floating volatility patterns of Baloise Swiss and VALORA HLDG.
Diversification Opportunities for Baloise Swiss and VALORA HLDG
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Baloise and VALORA is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Baloise Swiss Property and VALORA HLDG OPEN in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on VALORA HLDG OPEN 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 VALORA HLDG. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of VALORA HLDG OPEN has no effect on the direction of Baloise Swiss i.e., Baloise Swiss and VALORA HLDG go up and down completely randomly.
Pair Corralation between Baloise Swiss and VALORA HLDG
If you would invest 12,680 in Baloise Swiss Property on December 11, 2024 and sell it today you would earn a total of 20.00 from holding Baloise Swiss Property or generate 0.16% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Flat |
Strength | Insignificant |
Accuracy | 0.0% |
Values | Daily Returns |
Baloise Swiss Property vs. VALORA HLDG OPEN
Performance |
Timeline |
Baloise Swiss Property |
VALORA HLDG OPEN |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Baloise Swiss and VALORA HLDG Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Baloise Swiss and VALORA HLDG
The main advantage of trading using opposite Baloise Swiss and VALORA HLDG positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Baloise Swiss position performs unexpectedly, VALORA HLDG 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 VALORA HLDG will offset losses from the drop in VALORA HLDG's long position.Baloise Swiss vs. SF Sustainable Property | Baloise Swiss vs. Swissinvest Real Estate | Baloise Swiss vs. CS Real Estate | Baloise Swiss vs. Procimmo Real Estate |
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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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