Correlation Between Berkshire Hathaway and Banco Actinver
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By analyzing existing cross correlation between Berkshire Hathaway and Banco Actinver SA, you can compare the effects of market volatilities on Berkshire Hathaway and Banco Actinver 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 Berkshire Hathaway with a short position of Banco Actinver. Check out your portfolio center. Please also check ongoing floating volatility patterns of Berkshire Hathaway and Banco Actinver.
Diversification Opportunities for Berkshire Hathaway and Banco Actinver
-0.25 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Berkshire and Banco is -0.25. Overlapping area represents the amount of risk that can be diversified away by holding Berkshire Hathaway and Banco Actinver SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Banco Actinver SA and Berkshire Hathaway 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 Berkshire Hathaway are associated (or correlated) with Banco Actinver. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Banco Actinver SA has no effect on the direction of Berkshire Hathaway i.e., Berkshire Hathaway and Banco Actinver go up and down completely randomly.
Pair Corralation between Berkshire Hathaway and Banco Actinver
Assuming the 90 days trading horizon Berkshire Hathaway is expected to generate 0.98 times more return on investment than Banco Actinver. However, Berkshire Hathaway is 1.02 times less risky than Banco Actinver. It trades about 0.18 of its potential returns per unit of risk. Banco Actinver SA is currently generating about -0.08 per unit of risk. If you would invest 719,300 in Berkshire Hathaway on September 3, 2024 and sell it today you would earn a total of 255,189 from holding Berkshire Hathaway or generate 35.48% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Berkshire Hathaway vs. Banco Actinver SA
Performance |
| Timeline |
| Berkshire Hathaway |
| Banco Actinver SA |
Berkshire Hathaway and Banco Actinver Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Berkshire Hathaway and Banco Actinver
The main advantage of trading using opposite Berkshire Hathaway and Banco Actinver positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Berkshire Hathaway position performs unexpectedly, Banco Actinver 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 Banco Actinver will offset losses from the drop in Banco Actinver's long position.| Berkshire Hathaway vs. Verizon Communications | Berkshire Hathaway vs. Samsung Electronics Co | Berkshire Hathaway vs. Ameriprise Financial | Berkshire Hathaway vs. Hoteles City Express |
| Banco Actinver vs. Fibra UNO | Banco Actinver vs. Fibra Danhos | Banco Actinver vs. Fideicomiso Irrevocable No |
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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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