Correlation Between Ford and 36262GAB7
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By analyzing existing cross correlation between Ford Motor and GXO 165 15 JUL 26, you can compare the effects of market volatilities on Ford and 36262GAB7 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 36262GAB7. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ford and 36262GAB7.
Diversification Opportunities for Ford and 36262GAB7
Good diversification
The 3 months correlation between Ford and 36262GAB7 is -0.04. Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor and GXO 165 15 JUL 26 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GXO 165 15 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 36262GAB7. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GXO 165 15 has no effect on the direction of Ford i.e., Ford and 36262GAB7 go up and down completely randomly.
Pair Corralation between Ford and 36262GAB7
Taking into account the 90-day investment horizon Ford is expected to generate 1.08 times less return on investment than 36262GAB7. In addition to that, Ford is 2.98 times more volatile than GXO 165 15 JUL 26. It trades about 0.01 of its total potential returns per unit of risk. GXO 165 15 JUL 26 is currently generating about 0.03 per unit of volatility. If you would invest 8,624 in GXO 165 15 JUL 26 on September 3, 2024 and sell it today you would earn a total of 528.00 from holding GXO 165 15 JUL 26 or generate 6.12% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 72.53% |
| Values | Daily Returns |
Ford Motor vs. GXO 165 15 JUL 26
Performance |
| Timeline |
| Ford Motor |
| GXO 165 15 |
Ford and 36262GAB7 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Ford and 36262GAB7
The main advantage of trading using opposite Ford and 36262GAB7 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ford position performs unexpectedly, 36262GAB7 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 36262GAB7 will offset losses from the drop in 36262GAB7's long position.| Ford vs. GreenPower Motor | Ford vs. ZEEKR Intelligent Technology | Ford vs. Volcon Inc | Ford vs. Ford Motor |
| 36262GAB7 vs. AEP TEX INC | 36262GAB7 vs. US BANK NATIONAL | 36262GAB7 vs. MetLife | 36262GAB7 vs. Brera Holdings PLC |
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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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