Correlation Between Corem Property and AB Sagax
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By analyzing existing cross correlation between Corem Property Group and AB Sagax, you can compare the effects of market volatilities on Corem Property and AB Sagax 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 AB Sagax. Check out your portfolio center. Please also check ongoing floating volatility patterns of Corem Property and AB Sagax.
Diversification Opportunities for Corem Property and AB Sagax
-0.05 | Correlation Coefficient |
Good diversification
The 3 months correlation between Corem and SAGA-B is -0.05. Overlapping area represents the amount of risk that can be diversified away by holding Corem Property Group and AB Sagax in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AB Sagax 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 AB Sagax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AB Sagax has no effect on the direction of Corem Property i.e., Corem Property and AB Sagax go up and down completely randomly.
Pair Corralation between Corem Property and AB Sagax
Assuming the 90 days trading horizon Corem Property Group is expected to generate 0.69 times more return on investment than AB Sagax. However, Corem Property Group is 1.44 times less risky than AB Sagax. It trades about 0.05 of its potential returns per unit of risk. AB Sagax is currently generating about -0.19 per unit of risk. If you would invest 23,950 in Corem Property Group on November 27, 2024 and sell it today you would earn a total of 250.00 from holding Corem Property Group or generate 1.04% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Corem Property Group vs. AB Sagax
Performance |
| Timeline |
| Corem Property Group |
| AB Sagax |
Corem Property and AB Sagax Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Corem Property and AB Sagax
The main advantage of trading using opposite Corem Property and AB Sagax positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Corem Property position performs unexpectedly, AB Sagax 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 AB Sagax will offset losses from the drop in AB Sagax's long position.| Corem Property vs. AB Sagax | Corem Property vs. Volati AB | Corem Property vs. Dios Fastigheter AB | Corem Property vs. NP3 Fastigheter AB |
| AB Sagax vs. Fastighets AB Balder | AB Sagax vs. Fabege AB | AB Sagax vs. Wihlborgs Fastigheter AB | AB Sagax 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 Stocks Directory module to find actively traded stocks across global markets.
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