Correlation Between Dow Jones and Acrisure
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By analyzing existing cross correlation between Dow Jones Industrial and Acrisure LLC 144A, you can compare the effects of market volatilities on Dow Jones and Acrisure 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 Dow Jones with a short position of Acrisure. Check out your portfolio center. Please also check ongoing floating volatility patterns of Dow Jones and Acrisure.
Diversification Opportunities for Dow Jones and Acrisure
Good diversification
The 3 months correlation between Dow and Acrisure is -0.06. Overlapping area represents the amount of risk that can be diversified away by holding Dow Jones Industrial and Acrisure LLC 144A in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Acrisure LLC 144A and Dow Jones 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 Dow Jones Industrial are associated (or correlated) with Acrisure. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Acrisure LLC 144A has no effect on the direction of Dow Jones i.e., Dow Jones and Acrisure go up and down completely randomly.
Pair Corralation between Dow Jones and Acrisure
Assuming the 90 days trading horizon Dow Jones Industrial is expected to generate 0.66 times more return on investment than Acrisure. However, Dow Jones Industrial is 1.51 times less risky than Acrisure. It trades about 0.29 of its potential returns per unit of risk. Acrisure LLC 144A is currently generating about -0.29 per unit of risk. If you would invest 4,273,213 in Dow Jones Industrial on November 4, 2024 and sell it today you would earn a total of 181,253 from holding Dow Jones Industrial or generate 4.24% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Dow Jones Industrial vs. Acrisure LLC 144A
Performance |
| Timeline |
Dow Jones and Acrisure Volatility Contrast
Predicted Return Density |
| Returns |
Dow Jones Industrial
Pair trading matchups for Dow Jones
Acrisure LLC 144A
Pair trading matchups for Acrisure
Pair Trading with Dow Jones and Acrisure
The main advantage of trading using opposite Dow Jones and Acrisure positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Dow Jones position performs unexpectedly, Acrisure 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 Acrisure will offset losses from the drop in Acrisure's long position.| Dow Jones vs. Rambler Metals and | Dow Jones vs. Nicola Mining | Dow Jones vs. Old Dominion Freight | Dow Jones vs. United Guardian |
| Acrisure vs. CTS Corporation | Acrisure vs. Asure Software | Acrisure vs. Allient | Acrisure vs. Bm Technologies |
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 Anywhere module to track or share privately all of your investments from the convenience of any device.
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