Correlation Between DKIEUHUAKLDKK and Sparinvest Europa
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By analyzing existing cross correlation between Investeringsforeningen Danske Invest and Sparinvest Europa Growth, you can compare the effects of market volatilities on DKIEUHUAKLDKK and Sparinvest Europa 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 DKIEUHUAKLDKK with a short position of Sparinvest Europa. Check out your portfolio center. Please also check ongoing floating volatility patterns of DKIEUHUAKLDKK and Sparinvest Europa.
Diversification Opportunities for DKIEUHUAKLDKK and Sparinvest Europa
0.47 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between DKIEUHUAKLDKK and Sparinvest is 0.47. Overlapping area represents the amount of risk that can be diversified away by holding Investeringsforeningen Danske and Sparinvest Europa Growth in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sparinvest Europa Growth and DKIEUHUAKLDKK 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 Investeringsforeningen Danske Invest are associated (or correlated) with Sparinvest Europa. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sparinvest Europa Growth has no effect on the direction of DKIEUHUAKLDKK i.e., DKIEUHUAKLDKK and Sparinvest Europa go up and down completely randomly.
Pair Corralation between DKIEUHUAKLDKK and Sparinvest Europa
Assuming the 90 days trading horizon Investeringsforeningen Danske Invest is expected to generate 0.68 times more return on investment than Sparinvest Europa. However, Investeringsforeningen Danske Invest is 1.46 times less risky than Sparinvest Europa. It trades about 0.75 of its potential returns per unit of risk. Sparinvest Europa Growth is currently generating about 0.49 per unit of risk. If you would invest 21,877 in Investeringsforeningen Danske Invest on February 9, 2025 and sell it today you would earn a total of 2,433 from holding Investeringsforeningen Danske Invest or generate 11.12% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Investeringsforeningen Danske vs. Sparinvest Europa Growth
Performance |
| Timeline |
| Investeringsforeningen |
| Sparinvest Europa Growth |
DKIEUHUAKLDKK and Sparinvest Europa Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with DKIEUHUAKLDKK and Sparinvest Europa
The main advantage of trading using opposite DKIEUHUAKLDKK and Sparinvest Europa positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if DKIEUHUAKLDKK position performs unexpectedly, Sparinvest Europa 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 Sparinvest Europa will offset losses from the drop in Sparinvest Europa's long position.| DKIEUHUAKLDKK vs. Jyske Invest Nye | DKIEUHUAKLDKK vs. Jyske Invest Korte | DKIEUHUAKLDKK vs. Jyske Invest Nye | DKIEUHUAKLDKK vs. Jyske Invest Virksomhedsobligationer |
| Sparinvest Europa vs. Sparinvest Lange | Sparinvest Europa vs. Investeringsforeningen Danske Invest | Sparinvest Europa vs. Sparinv SICAV | Sparinvest Europa vs. Sparinvest Value Emerging |
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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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