Correlation Between BTG Pactual and Guardian Logistica
Can any of the company-specific risk be diversified away by investing in both BTG Pactual and Guardian Logistica 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 Guardian Logistica 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 Guardian Logistica Fundo, you can compare the effects of market volatilities on BTG Pactual and Guardian Logistica 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 Guardian Logistica. Check out your portfolio center. Please also check ongoing floating volatility patterns of BTG Pactual and Guardian Logistica.
Diversification Opportunities for BTG Pactual and Guardian Logistica
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between BTG and Guardian is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding BTG Pactual Logstica and Guardian Logistica Fundo in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Guardian Logistica Fundo 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 Guardian Logistica. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Guardian Logistica Fundo has no effect on the direction of BTG Pactual i.e., BTG Pactual and Guardian Logistica go up and down completely randomly.
Pair Corralation between BTG Pactual and Guardian Logistica
Assuming the 90 days trading horizon BTG Pactual is expected to generate 2.33 times less return on investment than Guardian Logistica. In addition to that, BTG Pactual is 1.95 times more volatile than Guardian Logistica Fundo. It trades about 0.02 of its total potential returns per unit of risk. Guardian Logistica Fundo is currently generating about 0.08 per unit of volatility. If you would invest 775.00 in Guardian Logistica Fundo on December 2, 2024 and sell it today you would earn a total of 133.00 from holding Guardian Logistica Fundo or generate 17.16% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 99.8% |
| Values | Daily Returns |
BTG Pactual Logstica vs. Guardian Logistica Fundo
Performance |
| Timeline |
| BTG Pactual Logstica |
| Guardian Logistica Fundo |
BTG Pactual and Guardian Logistica Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BTG Pactual and Guardian Logistica
The main advantage of trading using opposite BTG Pactual and Guardian Logistica positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BTG Pactual position performs unexpectedly, Guardian Logistica 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 Guardian Logistica will offset losses from the drop in Guardian Logistica's long position.| BTG Pactual vs. Btg Pactual Real | BTG Pactual vs. Fundo Investimento Imobiliario | BTG Pactual vs. KILIMA VOLKANO RECEBVEIS | BTG Pactual vs. DEVANT PROPERTIES FUNDO |
| Guardian Logistica vs. Energisa SA | Guardian Logistica vs. BTG Pactual Logstica | Guardian Logistica vs. Plano Plano Desenvolvimento | Guardian Logistica vs. Ares Management |
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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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