Correlation Between BTG Pactual and BS2 ALLINVESTMENTS
Can any of the company-specific risk be diversified away by investing in both BTG Pactual and BS2 ALLINVESTMENTS 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 BS2 ALLINVESTMENTS 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 BS2 ALLINVESTMENTS FDO, you can compare the effects of market volatilities on BTG Pactual and BS2 ALLINVESTMENTS 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 BS2 ALLINVESTMENTS. Check out your portfolio center. Please also check ongoing floating volatility patterns of BTG Pactual and BS2 ALLINVESTMENTS.
Diversification Opportunities for BTG Pactual and BS2 ALLINVESTMENTS
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between BTG and BS2 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding BTG Pactual Logstica and BS2 ALLINVESTMENTS FDO in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BS2 ALLINVESTMENTS FDO 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 BS2 ALLINVESTMENTS. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BS2 ALLINVESTMENTS FDO has no effect on the direction of BTG Pactual i.e., BTG Pactual and BS2 ALLINVESTMENTS go up and down completely randomly.
Pair Corralation between BTG Pactual and BS2 ALLINVESTMENTS
If you would invest 9,118 in BTG Pactual Logstica on August 30, 2024 and sell it today you would earn a total of 494.00 from holding BTG Pactual Logstica or generate 5.42% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
BTG Pactual Logstica vs. BS2 ALLINVESTMENTS FDO
Performance |
| Timeline |
| BTG Pactual Logstica |
| BS2 ALLINVESTMENTS FDO |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
BTG Pactual and BS2 ALLINVESTMENTS Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BTG Pactual and BS2 ALLINVESTMENTS
The main advantage of trading using opposite BTG Pactual and BS2 ALLINVESTMENTS positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BTG Pactual position performs unexpectedly, BS2 ALLINVESTMENTS 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 BS2 ALLINVESTMENTS will offset losses from the drop in BS2 ALLINVESTMENTS's long position.| BTG Pactual vs. BTG Pactual Teva | BTG Pactual vs. BTG PACTUAL CRDITO | BTG Pactual vs. Real Estate Investment | BTG Pactual vs. NAVI CRDITO IMOBILIRIO |
| BS2 ALLINVESTMENTS vs. BTG Pactual Logstica | BS2 ALLINVESTMENTS vs. Fundo Investimento Imobiliario | BS2 ALLINVESTMENTS vs. KILIMA VOLKANO RECEBVEIS | BS2 ALLINVESTMENTS vs. DEVANT PROPERTIES FUNDO |
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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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