Correlation Between IShares MSCI and Credit Suisse
Can any of the company-specific risk be diversified away by investing in both IShares MSCI and Credit Suisse 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 IShares MSCI and Credit Suisse into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between iShares MSCI Spain and Credit Suisse, you can compare the effects of market volatilities on IShares MSCI and Credit Suisse 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 IShares MSCI with a short position of Credit Suisse. Check out your portfolio center. Please also check ongoing floating volatility patterns of IShares MSCI and Credit Suisse.
Diversification Opportunities for IShares MSCI and Credit Suisse
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between IShares and Credit is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding iShares MSCI Spain and Credit Suisse in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Credit Suisse and IShares MSCI 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 iShares MSCI Spain are associated (or correlated) with Credit Suisse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Credit Suisse has no effect on the direction of IShares MSCI i.e., IShares MSCI and Credit Suisse go up and down completely randomly.
Pair Corralation between IShares MSCI and Credit Suisse
If you would invest (100.00) in Credit Suisse on September 12, 2024 and sell it today you would earn a total of 100.00 from holding Credit Suisse or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
iShares MSCI Spain vs. Credit Suisse
Performance |
| Timeline |
| iShares MSCI Spain |
| Credit Suisse |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
IShares MSCI and Credit Suisse Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with IShares MSCI and Credit Suisse
The main advantage of trading using opposite IShares MSCI and Credit Suisse positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if IShares MSCI position performs unexpectedly, Credit Suisse 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 Credit Suisse will offset losses from the drop in Credit Suisse's long position.| IShares MSCI vs. iShares MSCI Italy | IShares MSCI vs. iShares MSCI France | IShares MSCI vs. iShares MSCI Netherlands | IShares MSCI vs. iShares MSCI Sweden |
| Credit Suisse vs. iShares MSCI France | Credit Suisse vs. iShares Europe ETF | Credit Suisse vs. iShares MSCI United | Credit Suisse vs. iShares MSCI Spain |
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 Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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