Correlation Between Corem Property and Atrium Ljungberg
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By analyzing existing cross correlation between Corem Property Group and Atrium Ljungberg AB, you can compare the effects of market volatilities on Corem Property and Atrium Ljungberg 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 Corem Property with a short position of Atrium Ljungberg. Check out your portfolio center. Please also check ongoing floating volatility patterns of Corem Property and Atrium Ljungberg.
Diversification Opportunities for Corem Property and Atrium Ljungberg
0.94 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Corem and Atrium is 0.94. Overlapping area represents the amount of risk that can be diversified away by holding Corem Property Group and Atrium Ljungberg AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Atrium Ljungberg and Corem Property 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 Corem Property Group are associated (or correlated) with Atrium Ljungberg. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Atrium Ljungberg has no effect on the direction of Corem Property i.e., Corem Property and Atrium Ljungberg go up and down completely randomly.
Pair Corralation between Corem Property and Atrium Ljungberg
Assuming the 90 days trading horizon Corem Property is expected to generate 1.28 times less return on investment than Atrium Ljungberg. In addition to that, Corem Property is 1.77 times more volatile than Atrium Ljungberg AB. It trades about 0.01 of its total potential returns per unit of risk. Atrium Ljungberg AB is currently generating about 0.03 per unit of volatility. If you would invest 17,193 in Atrium Ljungberg AB on September 3, 2024 and sell it today you would earn a total of 2,957 from holding Atrium Ljungberg AB or generate 17.2% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Corem Property Group vs. Atrium Ljungberg AB
Performance |
| Timeline |
| Corem Property Group |
| Atrium Ljungberg |
Corem Property and Atrium Ljungberg Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Corem Property and Atrium Ljungberg
The main advantage of trading using opposite Corem Property and Atrium Ljungberg positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Corem Property position performs unexpectedly, Atrium Ljungberg 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 Atrium Ljungberg will offset losses from the drop in Atrium Ljungberg's long position.| Corem Property vs. AcadeMedia AB | Corem Property vs. Nitro Games Oyj | Corem Property vs. Invisio Communications AB | Corem Property vs. Episurf Medical AB |
| Atrium Ljungberg vs. Sinch AB | Atrium Ljungberg vs. Embracer Group AB | Atrium Ljungberg vs. Investor AB ser | Atrium Ljungberg vs. Castellum AB |
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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
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