Correlation Between Ford and 291011BS2
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By analyzing existing cross correlation between Ford Motor and EMR 28 21 DEC 51, you can compare the effects of market volatilities on Ford and 291011BS2 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 291011BS2. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ford and 291011BS2.
Diversification Opportunities for Ford and 291011BS2
Pay attention - limited upside
The 3 months correlation between Ford and 291011BS2 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor and EMR 28 21 DEC 51 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on EMR 28 21 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 291011BS2. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EMR 28 21 has no effect on the direction of Ford i.e., Ford and 291011BS2 go up and down completely randomly.
Pair Corralation between Ford and 291011BS2
If you would invest 1,047 in Ford Motor on January 17, 2025 and sell it today you would lose (102.00) from holding Ford Motor or give up 9.74% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.2% |
| Values | Daily Returns |
Ford Motor vs. EMR 28 21 DEC 51
Performance |
| Timeline |
| Ford Motor |
| EMR 28 21 |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Ford and 291011BS2 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Ford and 291011BS2
The main advantage of trading using opposite Ford and 291011BS2 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ford position performs unexpectedly, 291011BS2 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 291011BS2 will offset losses from the drop in 291011BS2's long position.The idea behind Ford Motor and EMR 28 21 DEC 51 pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| 291011BS2 vs. NetEase | 291011BS2 vs. Titan International | 291011BS2 vs. Garmin | 291011BS2 vs. Ternium SA ADR |
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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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