Correlation Between BA Airport and Bhiraj Office
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By analyzing existing cross correlation between BA Airport Leasehold and Bhiraj Office Leasehold, you can compare the effects of market volatilities on BA Airport and Bhiraj Office 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 BA Airport with a short position of Bhiraj Office. Check out your portfolio center. Please also check ongoing floating volatility patterns of BA Airport and Bhiraj Office.
Diversification Opportunities for BA Airport and Bhiraj Office
0.1 | Correlation Coefficient |
Average diversification
The 3 months correlation between BAREIT and Bhiraj is 0.1. Overlapping area represents the amount of risk that can be diversified away by holding BA Airport Leasehold and Bhiraj Office Leasehold in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Bhiraj Office Leasehold and BA Airport 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 BA Airport Leasehold are associated (or correlated) with Bhiraj Office. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bhiraj Office Leasehold has no effect on the direction of BA Airport i.e., BA Airport and Bhiraj Office go up and down completely randomly.
Pair Corralation between BA Airport and Bhiraj Office
Assuming the 90 days trading horizon BA Airport Leasehold is expected to generate 1.04 times more return on investment than Bhiraj Office. However, BA Airport is 1.04 times more volatile than Bhiraj Office Leasehold. It trades about -0.07 of its potential returns per unit of risk. Bhiraj Office Leasehold is currently generating about -0.09 per unit of risk. If you would invest 940.00 in BA Airport Leasehold on January 22, 2025 and sell it today you would lose (15.00) from holding BA Airport Leasehold or give up 1.6% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
BA Airport Leasehold vs. Bhiraj Office Leasehold
Performance |
| Timeline |
| BA Airport Leasehold |
| Bhiraj Office Leasehold |
BA Airport and Bhiraj Office Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BA Airport and Bhiraj Office
The main advantage of trading using opposite BA Airport and Bhiraj Office positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BA Airport position performs unexpectedly, Bhiraj Office 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 Bhiraj Office will offset losses from the drop in Bhiraj Office's long position.| BA Airport vs. HEMARAJ INDUSTRIAL PROPERTY | BA Airport vs. MFC Nichada Thani Property | BA Airport vs. MFC Nichada Thani Property | BA Airport vs. Prime Office Leasehold |
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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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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