Correlation Between CFG BANK and SAMIR
Specify exactly 2 symbols:
By analyzing existing cross correlation between CFG BANK and SAMIR, you can compare the effects of market volatilities on CFG BANK and SAMIR 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 CFG BANK with a short position of SAMIR. Check out your portfolio center. Please also check ongoing floating volatility patterns of CFG BANK and SAMIR.
Diversification Opportunities for CFG BANK and SAMIR
Pay attention - limited upside
The 3 months correlation between CFG and SAMIR is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding CFG BANK and SAMIR in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SAMIR and CFG BANK 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 CFG BANK are associated (or correlated) with SAMIR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SAMIR has no effect on the direction of CFG BANK i.e., CFG BANK and SAMIR go up and down completely randomly.
Pair Corralation between CFG BANK and SAMIR
If you would invest 12,095 in CFG BANK on December 1, 2024 and sell it today you would earn a total of 11,605 from holding CFG BANK or generate 95.95% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 60.7% |
| Values | Daily Returns |
CFG BANK vs. SAMIR
Performance |
| Timeline |
| CFG BANK |
| SAMIR |
CFG BANK and SAMIR Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CFG BANK and SAMIR
The main advantage of trading using opposite CFG BANK and SAMIR positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CFG BANK position performs unexpectedly, SAMIR 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 SAMIR will offset losses from the drop in SAMIR's long position.| CFG BANK vs. CREDIT IMMOBILIER ET | ||
| CFG BANK vs. ATTIJARIWAFA BANK | ||
| CFG BANK vs. HIGHTECH PAYMENT SYSTEMS | ||
| CFG BANK vs. MAROC LEASING |
| SAMIR vs. MAROC LEASING | ||
| SAMIR vs. MICRODATA | ||
| SAMIR vs. BANK OF AFRICA | ||
| SAMIR vs. HIGHTECH PAYMENT SYSTEMS |
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 Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Other Complementary Tools
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |