Correlation Between Biofarm Bucure and Infinity Capital
Specify exactly 2 symbols:
By analyzing existing cross correlation between Biofarm Bucure and Infinity Capital Investments, you can compare the effects of market volatilities on Biofarm Bucure and Infinity 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 Biofarm Bucure with a short position of Infinity Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Biofarm Bucure and Infinity Capital.
Diversification Opportunities for Biofarm Bucure and Infinity Capital
-0.71 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Biofarm and Infinity is -0.71. Overlapping area represents the amount of risk that can be diversified away by holding Biofarm Bucure and Infinity Capital Investments in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Infinity Capital Inv and Biofarm Bucure 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 Biofarm Bucure are associated (or correlated) with Infinity Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Infinity Capital Inv has no effect on the direction of Biofarm Bucure i.e., Biofarm Bucure and Infinity Capital go up and down completely randomly.
Pair Corralation between Biofarm Bucure and Infinity Capital
Assuming the 90 days trading horizon Biofarm Bucure is expected to under-perform the Infinity Capital. But the stock apears to be less risky and, when comparing its historical volatility, Biofarm Bucure is 1.72 times less risky than Infinity Capital. The stock trades about -0.17 of its potential returns per unit of risk. The Infinity Capital Investments is currently generating about -0.09 of returns per unit of risk over similar time horizon. If you would invest 250.00 in Infinity Capital Investments on August 27, 2024 and sell it today you would lose (6.00) from holding Infinity Capital Investments or give up 2.4% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Biofarm Bucure vs. Infinity Capital Investments
Performance |
| Timeline |
| Biofarm Bucure |
| Infinity Capital Inv |
Biofarm Bucure and Infinity Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Biofarm Bucure and Infinity Capital
The main advantage of trading using opposite Biofarm Bucure and Infinity Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Biofarm Bucure position performs unexpectedly, Infinity 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 Infinity Capital will offset losses from the drop in Infinity Capital's long position.| Biofarm Bucure vs. Safetech Innovations SA | Biofarm Bucure vs. GRUPUL INDUSTRIAL ELECTROCONTACT | Biofarm Bucure vs. Evergent Investments SA | Biofarm Bucure vs. Patria Bank SA |
| Infinity Capital vs. Bermas SA | Infinity Capital vs. Remarul 16 Februarie | Infinity Capital vs. Norofert SA | Infinity Capital vs. Biofarm Bucure |
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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Other Complementary Tools
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |