Correlation Between BTG Pactual and RB Capital
Can any of the company-specific risk be diversified away by investing in both BTG Pactual and RB Capital 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 RB Capital 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 RB Capital Office, you can compare the effects of market volatilities on BTG Pactual and RB 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 BTG Pactual with a short position of RB Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of BTG Pactual and RB Capital.
Diversification Opportunities for BTG Pactual and RB Capital
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between BTG and RBCO11 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding BTG Pactual Logstica and RB Capital Office in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on RB Capital Office 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 RB Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of RB Capital Office has no effect on the direction of BTG Pactual i.e., BTG Pactual and RB Capital go up and down completely randomly.
Pair Corralation between BTG Pactual and RB Capital
If you would invest 4,400 in RB Capital Office on September 1, 2024 and sell it today you would earn a total of 0.00 from holding RB Capital Office or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 99.22% |
| Values | Daily Returns |
BTG Pactual Logstica vs. RB Capital Office
Performance |
| Timeline |
| BTG Pactual Logstica |
| RB Capital Office |
BTG Pactual and RB Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BTG Pactual and RB Capital
The main advantage of trading using opposite BTG Pactual and RB Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BTG Pactual position performs unexpectedly, RB 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 RB Capital will offset losses from the drop in RB Capital'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 |
| RB Capital vs. Energisa SA | RB Capital vs. BTG Pactual Logstica | RB Capital vs. Plano Plano Desenvolvimento | RB Capital vs. Companhia Habitasul de |
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Other Complementary Tools
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities |