Correlation Between Ford and BBLTB
Specify exactly 2 symbols:
By analyzing existing cross correlation between Ford Motor and BBLTB 3733 25 SEP 34, you can compare the effects of market volatilities on Ford and BBLTB 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 BBLTB. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ford and BBLTB.
Diversification Opportunities for Ford and BBLTB
Good diversification
The 3 months correlation between Ford and BBLTB is -0.02. Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor and BBLTB 3733 25 SEP 34 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BBLTB 3733 25 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 BBLTB. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BBLTB 3733 25 has no effect on the direction of Ford i.e., Ford and BBLTB go up and down completely randomly.
Pair Corralation between Ford and BBLTB
Taking into account the 90-day investment horizon Ford Motor is expected to generate 1.01 times more return on investment than BBLTB. However, Ford is 1.01 times more volatile than BBLTB 3733 25 SEP 34. It trades about 0.22 of its potential returns per unit of risk. BBLTB 3733 25 SEP 34 is currently generating about -0.33 per unit of risk. If you would invest 1,022 in Ford Motor on September 3, 2024 and sell it today you would earn a total of 91.00 from holding Ford Motor or generate 8.9% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 45.0% |
| Values | Daily Returns |
Ford Motor vs. BBLTB 3733 25 SEP 34
Performance |
| Timeline |
| Ford Motor |
| BBLTB 3733 25 |
Ford and BBLTB Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Ford and BBLTB
The main advantage of trading using opposite Ford and BBLTB positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ford position performs unexpectedly, BBLTB 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 BBLTB will offset losses from the drop in BBLTB's long position.| Ford vs. GreenPower Motor | Ford vs. ZEEKR Intelligent Technology | Ford vs. Volcon Inc | Ford vs. Ford Motor |
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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Other Complementary Tools
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |