Correlation Between Corem Property and SBB-D
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By analyzing existing cross correlation between Corem Property Group and Samhaellsbyggnadsbolaget i Norden, you can compare the effects of market volatilities on Corem Property and SBB-D 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 SBB-D. Check out your portfolio center. Please also check ongoing floating volatility patterns of Corem Property and SBB-D.
Diversification Opportunities for Corem Property and SBB-D
-0.28 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Corem and SBB-D is -0.28. Overlapping area represents the amount of risk that can be diversified away by holding Corem Property Group and Samhaellsbyggnadsbolaget i Nor in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Samhaellsbyggnadsbol 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 SBB-D. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Samhaellsbyggnadsbol has no effect on the direction of Corem Property i.e., Corem Property and SBB-D go up and down completely randomly.
Pair Corralation between Corem Property and SBB-D
Assuming the 90 days trading horizon Corem Property Group is expected to generate 0.27 times more return on investment than SBB-D. However, Corem Property Group is 3.72 times less risky than SBB-D. It trades about 0.04 of its potential returns per unit of risk. Samhaellsbyggnadsbolaget i Norden is currently generating about 0.0 per unit of risk. If you would invest 18,933 in Corem Property Group on November 4, 2024 and sell it today you would earn a total of 5,517 from holding Corem Property Group or generate 29.14% 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. Samhaellsbyggnadsbolaget i Nor
Performance |
| Timeline |
| Corem Property Group |
| Samhaellsbyggnadsbol |
Corem Property and SBB-D Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Corem Property and SBB-D
The main advantage of trading using opposite Corem Property and SBB-D positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Corem Property position performs unexpectedly, SBB-D 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 SBB-D will offset losses from the drop in SBB-D'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 |
| SBB-D vs. Samhllsbyggnadsbolaget i Norden | SBB-D vs. Castellum AB | SBB-D vs. Cibus Nordic Real | SBB-D vs. AB Sagax |
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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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