Correlation Between BTG Pactual and Fundos De
Can any of the company-specific risk be diversified away by investing in both BTG Pactual and Fundos De 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 BTG Pactual and Fundos De into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between BTG Pactual Logstica and Fundos de Investimento, you can compare the effects of market volatilities on BTG Pactual and Fundos De 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 BTG Pactual with a short position of Fundos De. Check out your portfolio center. Please also check ongoing floating volatility patterns of BTG Pactual and Fundos De.
Diversification Opportunities for BTG Pactual and Fundos De
0.14 | Correlation Coefficient |
Average diversification
The 3 months correlation between BTG and Fundos is 0.14. Overlapping area represents the amount of risk that can be diversified away by holding BTG Pactual Logstica and Fundos de Investimento in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Fundos de Investimento and BTG Pactual 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 BTG Pactual Logstica are associated (or correlated) with Fundos De. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fundos de Investimento has no effect on the direction of BTG Pactual i.e., BTG Pactual and Fundos De go up and down completely randomly.
Pair Corralation between BTG Pactual and Fundos De
Assuming the 90 days trading horizon BTG Pactual Logstica is expected to generate 0.28 times more return on investment than Fundos De. However, BTG Pactual Logstica is 3.51 times less risky than Fundos De. It trades about -0.06 of its potential returns per unit of risk. Fundos de Investimento is currently generating about -0.02 per unit of risk. If you would invest 10,090 in BTG Pactual Logstica on September 3, 2024 and sell it today you would lose (590.00) from holding BTG Pactual Logstica or give up 5.85% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
BTG Pactual Logstica vs. Fundos de Investimento
Performance |
| Timeline |
| BTG Pactual Logstica |
| Fundos de Investimento |
BTG Pactual and Fundos De Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BTG Pactual and Fundos De
The main advantage of trading using opposite BTG Pactual and Fundos De positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BTG Pactual position performs unexpectedly, Fundos De 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 Fundos De will offset losses from the drop in Fundos De's long position.| BTG Pactual vs. Fundo Investimento Imobiliario | BTG Pactual vs. KILIMA VOLKANO RECEBVEIS | BTG Pactual vs. DEVANT PROPERTIES FUNDO | BTG Pactual vs. SPARTA FIAGRO FDO |
| Fundos De vs. Real Estate Investment | Fundos De vs. NAVI CRDITO IMOBILIRIO | Fundos De vs. LIFE CAPITAL PARTNERS | Fundos De vs. Cshg Jhsf Prime |
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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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