Correlation Between FG Annuities and Kansas City
Can any of the company-specific risk be diversified away by investing in both FG Annuities and Kansas City at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining FG Annuities and Kansas City into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between FG Annuities Life and Kansas City Life, you can compare the effects of market volatilities on FG Annuities and Kansas City 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 FG Annuities with a short position of Kansas City. Check out your portfolio center. Please also check ongoing floating volatility patterns of FG Annuities and Kansas City.
Diversification Opportunities for FG Annuities and Kansas City
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between FG Annuities and Kansas is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding FG Annuities Life and Kansas City Life in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kansas City Life and FG Annuities 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 FG Annuities Life are associated (or correlated) with Kansas City. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kansas City Life has no effect on the direction of FG Annuities i.e., FG Annuities and Kansas City go up and down completely randomly.
Pair Corralation between FG Annuities and Kansas City
If you would invest 4,464 in FG Annuities Life on November 3, 2024 and sell it today you would earn a total of 127.00 from holding FG Annuities Life or generate 2.84% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.4% |
| Values | Daily Returns |
FG Annuities Life vs. Kansas City Life
Performance |
| Timeline |
| FG Annuities Life |
| Kansas City Life |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
FG Annuities and Kansas City Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FG Annuities and Kansas City
The main advantage of trading using opposite FG Annuities and Kansas City positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FG Annuities position performs unexpectedly, Kansas City 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 Kansas City will offset losses from the drop in Kansas City's long position.| FG Annuities vs. Prudential Financial | FG Annuities vs. Lincoln National | FG Annuities vs. Aflac Incorporated | FG Annuities vs. Unum Group |
| Kansas City vs. CNO Financial Group | Kansas City vs. FG Annuities Life | Kansas City vs. Prudential PLC ADR | Kansas City vs. Lincoln National |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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