Correlation Between Banco Actinver and G Collado
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By analyzing existing cross correlation between Banco Actinver SA and G Collado SAB, you can compare the effects of market volatilities on Banco Actinver and G Collado 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 Banco Actinver with a short position of G Collado. Check out your portfolio center. Please also check ongoing floating volatility patterns of Banco Actinver and G Collado.
Diversification Opportunities for Banco Actinver and G Collado
-0.15 | Correlation Coefficient |
Good diversification
The 3 months correlation between Banco and COLLADO is -0.15. Overlapping area represents the amount of risk that can be diversified away by holding Banco Actinver SA and G Collado SAB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on G Collado SAB and Banco Actinver 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 Banco Actinver SA are associated (or correlated) with G Collado. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of G Collado SAB has no effect on the direction of Banco Actinver i.e., Banco Actinver and G Collado go up and down completely randomly.
Pair Corralation between Banco Actinver and G Collado
Assuming the 90 days trading horizon Banco Actinver SA is expected to under-perform the G Collado. In addition to that, Banco Actinver is 4.71 times more volatile than G Collado SAB. It trades about -0.01 of its total potential returns per unit of risk. G Collado SAB is currently generating about 0.0 per unit of volatility. If you would invest 778.00 in G Collado SAB on September 12, 2024 and sell it today you would earn a total of 2.00 from holding G Collado SAB or generate 0.26% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Banco Actinver SA vs. G Collado SAB
Performance |
| Timeline |
| Banco Actinver SA |
| G Collado SAB |
Banco Actinver and G Collado Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Banco Actinver and G Collado
The main advantage of trading using opposite Banco Actinver and G Collado positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Banco Actinver position performs unexpectedly, G Collado 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 G Collado will offset losses from the drop in G Collado's long position.| Banco Actinver vs. Southwest Airlines | Banco Actinver vs. Grupo Sports World | Banco Actinver vs. Verizon Communications | Banco Actinver vs. Hoteles City Express |
| G Collado vs. Grupo Hotelero Santa | G Collado vs. Cognizant Technology Solutions | G Collado vs. Micron Technology | G Collado vs. CVS Health |
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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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