Correlation Between Feat Fund and IBI Mutual
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By analyzing existing cross correlation between Feat Fund Investments and IBI Mutual Funds, you can compare the effects of market volatilities on Feat Fund and IBI Mutual 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 Feat Fund with a short position of IBI Mutual. Check out your portfolio center. Please also check ongoing floating volatility patterns of Feat Fund and IBI Mutual.
Diversification Opportunities for Feat Fund and IBI Mutual
0.44 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Feat and IBI is 0.44. Overlapping area represents the amount of risk that can be diversified away by holding Feat Fund Investments and IBI Mutual Funds in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on IBI Mutual Funds and Feat Fund 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 Feat Fund Investments are associated (or correlated) with IBI Mutual. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IBI Mutual Funds has no effect on the direction of Feat Fund i.e., Feat Fund and IBI Mutual go up and down completely randomly.
Pair Corralation between Feat Fund and IBI Mutual
Assuming the 90 days trading horizon Feat Fund Investments is expected to generate 0.76 times more return on investment than IBI Mutual. However, Feat Fund Investments is 1.32 times less risky than IBI Mutual. It trades about 0.02 of its potential returns per unit of risk. IBI Mutual Funds is currently generating about -0.18 per unit of risk. If you would invest 12,920 in Feat Fund Investments on August 29, 2024 and sell it today you would earn a total of 30.00 from holding Feat Fund Investments or generate 0.23% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Feat Fund Investments vs. IBI Mutual Funds
Performance |
| Timeline |
| Feat Fund Investments |
| IBI Mutual Funds |
Feat Fund and IBI Mutual Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Feat Fund and IBI Mutual
The main advantage of trading using opposite Feat Fund and IBI Mutual positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Feat Fund position performs unexpectedly, IBI Mutual 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 IBI Mutual will offset losses from the drop in IBI Mutual's long position.| Feat Fund vs. Nice | Feat Fund vs. The Gold Bond | Feat Fund vs. Bank Leumi Le Israel | Feat Fund vs. ICL Israel Chemicals |
| IBI Mutual vs. Nice | IBI Mutual vs. The Gold Bond | IBI Mutual vs. Bank Leumi Le Israel | IBI Mutual vs. ICL Israel Chemicals |
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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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