Correlation Between MBI Administradora and BTG Pactual
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By analyzing existing cross correlation between MBI Administradora General and BTG Pactual Chile, you can compare the effects of market volatilities on MBI Administradora 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 MBI Administradora with a short position of BTG Pactual. Check out your portfolio center. Please also check ongoing floating volatility patterns of MBI Administradora and BTG Pactual.
Diversification Opportunities for MBI Administradora and BTG Pactual
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between MBI and BTG is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding MBI Administradora General 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 MBI Administradora 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 MBI Administradora General 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 MBI Administradora i.e., MBI Administradora and BTG Pactual go up and down completely randomly.
Pair Corralation between MBI Administradora and BTG Pactual
If you would invest 2,440,231 in MBI Administradora General on August 28, 2024 and sell it today you would earn a total of 194,773 from holding MBI Administradora General or generate 7.98% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
MBI Administradora General vs. BTG Pactual Chile
Performance |
| Timeline |
| MBI Administradora |
| BTG Pactual Chile |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
MBI Administradora and BTG Pactual Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with MBI Administradora and BTG Pactual
The main advantage of trading using opposite MBI Administradora and BTG Pactual positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if MBI Administradora 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.| MBI Administradora vs. BTG Pactual Chile | MBI Administradora vs. HMC SA ADMINISTRADORA | MBI Administradora vs. Weg ADM General |
| BTG Pactual vs. MBI Administradora General | BTG Pactual vs. BTG Pactual Chile | BTG Pactual vs. HMC SA ADMINISTRADORA | BTG Pactual vs. Weg ADM General |
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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