Correlation Between FF Global and Barings Global
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By analyzing existing cross correlation between FF Global and Barings Global Umbrella, you can compare the effects of market volatilities on FF Global and Barings Global 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 FF Global with a short position of Barings Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of FF Global and Barings Global.
Diversification Opportunities for FF Global and Barings Global
0.9 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between FJ2P and Barings is 0.9. Overlapping area represents the amount of risk that can be diversified away by holding FF Global and Barings Global Umbrella in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Barings Global Umbrella and FF Global 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 FF Global are associated (or correlated) with Barings Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Barings Global Umbrella has no effect on the direction of FF Global i.e., FF Global and Barings Global go up and down completely randomly.
Pair Corralation between FF Global and Barings Global
Assuming the 90 days trading horizon FF Global is expected to generate 3.51 times more return on investment than Barings Global. However, FF Global is 3.51 times more volatile than Barings Global Umbrella. It trades about 0.06 of its potential returns per unit of risk. Barings Global Umbrella is currently generating about 0.07 per unit of risk. If you would invest 6,253 in FF Global on September 3, 2024 and sell it today you would earn a total of 1,074 from holding FF Global or generate 17.18% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 39.76% |
| Values | Daily Returns |
FF Global vs. Barings Global Umbrella
Performance |
| Timeline |
| FF Global |
| Barings Global Umbrella |
FF Global and Barings Global Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FF Global and Barings Global
The main advantage of trading using opposite FF Global and Barings Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FF Global position performs unexpectedly, Barings Global 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 Barings Global will offset losses from the drop in Barings Global's long position.| FF Global vs. Groupama Entreprises N | FF Global vs. Renaissance Europe C | FF Global vs. Superior Plus Corp | FF Global vs. Origin Agritech |
| Barings Global vs. Lyxor 1 | Barings Global vs. Xtrackers LevDAX | Barings Global vs. Xtrackers ShortDAX | Barings Global vs. Superior Plus Corp |
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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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