Correlation Between Csepel Holding and AKKO Invest
Can any of the company-specific risk be diversified away by investing in both Csepel Holding and AKKO Invest at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Csepel Holding and AKKO Invest into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Csepel Holding Nyrt and AKKO Invest Nyrt, you can compare the effects of market volatilities on Csepel Holding and AKKO Invest 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 Csepel Holding with a short position of AKKO Invest. Check out your portfolio center. Please also check ongoing floating volatility patterns of Csepel Holding and AKKO Invest.
Diversification Opportunities for Csepel Holding and AKKO Invest
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Csepel and AKKO is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Csepel Holding Nyrt and AKKO Invest Nyrt in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AKKO Invest Nyrt and Csepel Holding 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 Csepel Holding Nyrt are associated (or correlated) with AKKO Invest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AKKO Invest Nyrt has no effect on the direction of Csepel Holding i.e., Csepel Holding and AKKO Invest go up and down completely randomly.
Pair Corralation between Csepel Holding and AKKO Invest
If you would invest 34,000 in AKKO Invest Nyrt on December 6, 2024 and sell it today you would earn a total of 500.00 from holding AKKO Invest Nyrt or generate 1.47% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Csepel Holding Nyrt vs. AKKO Invest Nyrt
Performance |
| Timeline |
| Csepel Holding Nyrt |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
| AKKO Invest Nyrt |
Csepel Holding and AKKO Invest Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Csepel Holding and AKKO Invest
The main advantage of trading using opposite Csepel Holding and AKKO Invest positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Csepel Holding position performs unexpectedly, AKKO Invest 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 AKKO Invest will offset losses from the drop in AKKO Invest's long position.| Csepel Holding vs. NordTelekom Telecommunications Service | Csepel Holding vs. Deutsche Bank AG | Csepel Holding vs. Infineon Technologies AG |
| AKKO Invest vs. OTP Bank Nyrt | AKKO Invest vs. Infineon Technologies AG | AKKO Invest vs. NordTelekom Telecommunications Service |
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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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