Correlation Between Casa De and INVEX Controladora
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By analyzing existing cross correlation between Casa de Bolsa and INVEX Controladora SAB, you can compare the effects of market volatilities on Casa De and INVEX Controladora 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 Casa De with a short position of INVEX Controladora. Check out your portfolio center. Please also check ongoing floating volatility patterns of Casa De and INVEX Controladora.
Diversification Opportunities for Casa De and INVEX Controladora
-0.07 | Correlation Coefficient |
Good diversification
The 3 months correlation between Casa and INVEX is -0.07. Overlapping area represents the amount of risk that can be diversified away by holding Casa de Bolsa and INVEX Controladora SAB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on INVEX Controladora SAB and Casa De 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 Casa de Bolsa are associated (or correlated) with INVEX Controladora. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of INVEX Controladora SAB has no effect on the direction of Casa De i.e., Casa De and INVEX Controladora go up and down completely randomly.
Pair Corralation between Casa De and INVEX Controladora
If you would invest 8,200 in INVEX Controladora SAB on September 13, 2024 and sell it today you would earn a total of 100.00 from holding INVEX Controladora SAB or generate 1.22% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 95.45% |
| Values | Daily Returns |
Casa de Bolsa vs. INVEX Controladora SAB
Performance |
| Timeline |
| Casa de Bolsa |
| INVEX Controladora SAB |
Casa De and INVEX Controladora Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Casa De and INVEX Controladora
The main advantage of trading using opposite Casa De and INVEX Controladora positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Casa De position performs unexpectedly, INVEX Controladora 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 INVEX Controladora will offset losses from the drop in INVEX Controladora's long position.| Casa De vs. Samsung Electronics Co | Casa De vs. Sony Group | Casa De vs. Taiwan Semiconductor Manufacturing | Casa De vs. Alibaba Group Holding |
| INVEX Controladora vs. Samsung Electronics Co | INVEX Controladora vs. Sony Group | INVEX Controladora vs. Taiwan Semiconductor Manufacturing | INVEX Controladora vs. Alibaba Group Holding |
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 Directory module to find actively traded commodities issued by global exchanges.
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