Correlation Between Fluent and 26442UAQ7
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By analyzing existing cross correlation between Fluent Inc and DUK 525 15 MAR 33, you can compare the effects of market volatilities on Fluent and 26442UAQ7 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 Fluent with a short position of 26442UAQ7. Check out your portfolio center. Please also check ongoing floating volatility patterns of Fluent and 26442UAQ7.
Diversification Opportunities for Fluent and 26442UAQ7
Significant diversification
The 3 months correlation between Fluent and 26442UAQ7 is 0.01. Overlapping area represents the amount of risk that can be diversified away by holding Fluent Inc and DUK 525 15 MAR 33 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on DUK 525 15 and Fluent 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 Fluent Inc are associated (or correlated) with 26442UAQ7. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DUK 525 15 has no effect on the direction of Fluent i.e., Fluent and 26442UAQ7 go up and down completely randomly.
Pair Corralation between Fluent and 26442UAQ7
Given the investment horizon of 90 days Fluent Inc is expected to generate 5.44 times more return on investment than 26442UAQ7. However, Fluent is 5.44 times more volatile than DUK 525 15 MAR 33. It trades about 0.04 of its potential returns per unit of risk. DUK 525 15 MAR 33 is currently generating about 0.08 per unit of risk. If you would invest 284.00 in Fluent Inc on November 28, 2024 and sell it today you would earn a total of 4.00 from holding Fluent Inc or generate 1.41% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 95.24% |
| Values | Daily Returns |
Fluent Inc vs. DUK 525 15 MAR 33
Performance |
| Timeline |
| Fluent Inc |
| DUK 525 15 |
Fluent and 26442UAQ7 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Fluent and 26442UAQ7
The main advantage of trading using opposite Fluent and 26442UAQ7 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Fluent position performs unexpectedly, 26442UAQ7 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 26442UAQ7 will offset losses from the drop in 26442UAQ7's long position.| Fluent vs. Marchex | Fluent vs. Dolphin Entertainment | Fluent vs. Beyond Commerce | Fluent vs. MGO Global Common |
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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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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