Correlation Between Dow Jones and BPCEGP
Specify exactly 2 symbols:
By analyzing existing cross correlation between Dow Jones Industrial and BPCEGP 4875 01 APR 26, you can compare the effects of market volatilities on Dow Jones and BPCEGP 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 BPCEGP. Check out your portfolio center. Please also check ongoing floating volatility patterns of Dow Jones and BPCEGP.
Diversification Opportunities for Dow Jones and BPCEGP
Excellent diversification
The 3 months correlation between Dow and BPCEGP is -0.7. Overlapping area represents the amount of risk that can be diversified away by holding Dow Jones Industrial and BPCEGP 4875 01 APR 26 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BPCEGP 4875 01 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 BPCEGP. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BPCEGP 4875 01 has no effect on the direction of Dow Jones i.e., Dow Jones and BPCEGP go up and down completely randomly.
Pair Corralation between Dow Jones and BPCEGP
Assuming the 90 days trading horizon Dow Jones Industrial is expected to generate 1.66 times more return on investment than BPCEGP. However, Dow Jones is 1.66 times more volatile than BPCEGP 4875 01 APR 26. It trades about 0.04 of its potential returns per unit of risk. BPCEGP 4875 01 APR 26 is currently generating about 0.04 per unit of risk. If you would invest 3,533,347 in Dow Jones Industrial on January 20, 2025 and sell it today you would earn a total of 380,876 from holding Dow Jones Industrial or generate 10.78% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 42.74% |
| Values | Daily Returns |
Dow Jones Industrial vs. BPCEGP 4875 01 APR 26
Performance |
| Timeline |
Dow Jones and BPCEGP Volatility Contrast
Predicted Return Density |
| Returns |
Dow Jones Industrial
Pair trading matchups for Dow Jones
BPCEGP 4875 01 APR 26
Pair trading matchups for BPCEGP
Pair Trading with Dow Jones and BPCEGP
The main advantage of trading using opposite Dow Jones and BPCEGP positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Dow Jones position performs unexpectedly, BPCEGP 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 BPCEGP will offset losses from the drop in BPCEGP's long position.| Dow Jones vs. Pekin Life Insurance | Dow Jones vs. Alaska Air Group | Dow Jones vs. Bowhead Specialty Holdings | Dow Jones vs. Fidelity National Financial |
| BPCEGP vs. AEP TEX INC | BPCEGP vs. TMC the metals | BPCEGP vs. McDonalds | BPCEGP vs. Palantir Technologies Class |
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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Other Complementary Tools
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital |