Correlation Between BCB Bancorp and Apeiron Capital
Can any of the company-specific risk be diversified away by investing in both BCB Bancorp and Apeiron Capital 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 BCB Bancorp and Apeiron Capital into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between BCB Bancorp and Apeiron Capital Investment, you can compare the effects of market volatilities on BCB Bancorp and Apeiron Capital 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 BCB Bancorp with a short position of Apeiron Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of BCB Bancorp and Apeiron Capital.
Diversification Opportunities for BCB Bancorp and Apeiron Capital
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between BCB and Apeiron is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding BCB Bancorp and Apeiron Capital Investment in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Apeiron Capital Inve and BCB Bancorp 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 BCB Bancorp are associated (or correlated) with Apeiron Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Apeiron Capital Inve has no effect on the direction of BCB Bancorp i.e., BCB Bancorp and Apeiron Capital go up and down completely randomly.
Pair Corralation between BCB Bancorp and Apeiron Capital
If you would invest 1,102 in BCB Bancorp on September 2, 2024 and sell it today you would earn a total of 225.00 from holding BCB Bancorp or generate 20.42% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
BCB Bancorp vs. Apeiron Capital Investment
Performance |
| Timeline |
| BCB Bancorp |
| Apeiron Capital Inve |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
BCB Bancorp and Apeiron Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BCB Bancorp and Apeiron Capital
The main advantage of trading using opposite BCB Bancorp and Apeiron Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BCB Bancorp position performs unexpectedly, Apeiron Capital 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 Apeiron Capital will offset losses from the drop in Apeiron Capital's long position.| BCB Bancorp vs. Provident Financial Services | BCB Bancorp vs. First Mid Illinois | BCB Bancorp vs. ConnectOne Bancorp | BCB Bancorp vs. Finward Bancorp |
| Apeiron Capital vs. Ainsworth Game Technology | Apeiron Capital vs. Nike Inc | Apeiron Capital vs. Virco Manufacturing | Apeiron Capital vs. Eastern Co |
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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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