Correlation Between Commercial Credit and EB Creasy
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By analyzing existing cross correlation between Commercial Credit and and EB Creasy and, you can compare the effects of market volatilities on Commercial Credit and EB Creasy 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 Commercial Credit with a short position of EB Creasy. Check out your portfolio center. Please also check ongoing floating volatility patterns of Commercial Credit and EB Creasy.
Diversification Opportunities for Commercial Credit and EB Creasy
0.58 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Commercial and EBCRN0000 is 0.58. Overlapping area represents the amount of risk that can be diversified away by holding Commercial Credit and and EB Creasy and in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on EB Creasy and Commercial Credit 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 Commercial Credit and are associated (or correlated) with EB Creasy. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EB Creasy has no effect on the direction of Commercial Credit i.e., Commercial Credit and EB Creasy go up and down completely randomly.
Pair Corralation between Commercial Credit and EB Creasy
Assuming the 90 days trading horizon Commercial Credit and is expected to generate 1.2 times more return on investment than EB Creasy. However, Commercial Credit is 1.2 times more volatile than EB Creasy and. It trades about 0.1 of its potential returns per unit of risk. EB Creasy and is currently generating about 0.02 per unit of risk. If you would invest 3,580 in Commercial Credit and on September 5, 2024 and sell it today you would earn a total of 890.00 from holding Commercial Credit and or generate 24.86% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 90.0% |
| Values | Daily Returns |
Commercial Credit and vs. EB Creasy and
Performance |
| Timeline |
| Commercial Credit |
| EB Creasy |
Commercial Credit and EB Creasy Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Commercial Credit and EB Creasy
The main advantage of trading using opposite Commercial Credit and EB Creasy positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Commercial Credit position performs unexpectedly, EB Creasy 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 EB Creasy will offset losses from the drop in EB Creasy's long position.| Commercial Credit vs. Union Chemicals Lanka | Commercial Credit vs. Serendib Hotels PLC | Commercial Credit vs. Galadari Hotels Lanka | Commercial Credit vs. Kandy Hotels |
| EB Creasy vs. Sampath Bank PLC | EB Creasy vs. Citrus Leisure PLC | EB Creasy vs. Sanasa Development Bank | EB Creasy vs. Commercial Credit and |
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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