Correlation Between Ford and 1 Year
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By analyzing existing cross correlation between Ford Motor and 1 Year GIS, you can compare the effects of market volatilities on Ford and 1 Year 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 Ford with a short position of 1 Year. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ford and 1 Year.
Diversification Opportunities for Ford and 1 Year
Pay attention - limited upside
The 3 months correlation between Ford and P01GIS090525 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor and 1 Year GIS in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on 1 Year GIS and Ford 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 Ford Motor are associated (or correlated) with 1 Year. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of 1 Year GIS has no effect on the direction of Ford i.e., Ford and 1 Year go up and down completely randomly.
Pair Corralation between Ford and 1 Year
If you would invest 1,022 in Ford Motor on September 3, 2024 and sell it today you would earn a total of 76.00 from holding Ford Motor or generate 7.44% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Ford Motor vs. 1 Year GIS
Performance |
| Timeline |
| Ford Motor |
| 1 Year GIS |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Strong
Ford and 1 Year Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Ford and 1 Year
The main advantage of trading using opposite Ford and 1 Year positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ford position performs unexpectedly, 1 Year 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 1 Year will offset losses from the drop in 1 Year's long position.| Ford vs. GreenPower Motor | Ford vs. ZEEKR Intelligent Technology | Ford vs. Volcon Inc | Ford vs. Ford Motor |
| 1 Year vs. MCB Bank | 1 Year vs. WorldCall Telecom | 1 Year vs. Pakistan Aluminium Beverage | 1 Year vs. Bank of Punjab |
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 Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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