Correlation Between BTG Pactual and BTG Pactual
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By analyzing existing cross correlation between BTG Pactual Chile and BTG Pactual Chile, you can compare the effects of market volatilities on BTG Pactual and BTG Pactual 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 BTG Pactual. Check out your portfolio center. Please also check ongoing floating volatility patterns of BTG Pactual and BTG Pactual.
Diversification Opportunities for BTG Pactual and BTG Pactual
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between BTG and BTG is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding BTG Pactual Chile and BTG Pactual Chile in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BTG Pactual Chile 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 Chile are associated (or correlated) with BTG Pactual. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BTG Pactual Chile has no effect on the direction of BTG Pactual i.e., BTG Pactual and BTG Pactual go up and down completely randomly.
Pair Corralation between BTG Pactual and BTG Pactual
If you would invest 1,090,000 in BTG Pactual Chile on August 28, 2024 and sell it today you would earn a total of 30,000 from holding BTG Pactual Chile or generate 2.75% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
BTG Pactual Chile vs. BTG Pactual Chile
Performance |
| Timeline |
| BTG Pactual Chile |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| BTG Pactual Chile |
BTG Pactual and BTG Pactual Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BTG Pactual and BTG Pactual
The main advantage of trading using opposite BTG Pactual and BTG Pactual positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BTG Pactual position performs unexpectedly, BTG Pactual 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 BTG Pactual will offset losses from the drop in BTG Pactual's long position.| BTG Pactual vs. MBI Administradora General | BTG Pactual vs. BTG Pactual Chile | BTG Pactual vs. HMC SA ADMINISTRADORA | BTG Pactual vs. Weg ADM General |
| BTG Pactual vs. Salfacorp | BTG Pactual vs. Vina Concha To | BTG Pactual vs. HMC SA ADMINISTRADORA | BTG Pactual vs. Multiexport Foods SA |
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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