Correlation Between Future Retail and BF Investment
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By analyzing existing cross correlation between Future Retail Limited and BF Investment Limited, you can compare the effects of market volatilities on Future Retail and BF Investment 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 Future Retail with a short position of BF Investment. Check out your portfolio center. Please also check ongoing floating volatility patterns of Future Retail and BF Investment.
Diversification Opportunities for Future Retail and BF Investment
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Future and BFINVEST is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Future Retail Limited and BF Investment Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BF Investment Limited and Future Retail 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 Future Retail Limited are associated (or correlated) with BF Investment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BF Investment Limited has no effect on the direction of Future Retail i.e., Future Retail and BF Investment go up and down completely randomly.
Pair Corralation between Future Retail and BF Investment
If you would invest 46,635 in BF Investment Limited on January 25, 2025 and sell it today you would earn a total of 3,090 from holding BF Investment Limited or generate 6.63% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Future Retail Limited vs. BF Investment Limited
Performance |
| Timeline |
| Future Retail Limited |
| BF Investment Limited |
Future Retail and BF Investment Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Future Retail and BF Investment
The main advantage of trading using opposite Future Retail and BF Investment positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Future Retail position performs unexpectedly, BF Investment 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 BF Investment will offset losses from the drop in BF Investment's long position.| Future Retail vs. General Insurance | Future Retail vs. Usha Martin Education | Future Retail vs. Total Transport Systems | Future Retail vs. Pritish Nandy Communications |
| BF Investment vs. Kingfa Science Technology | BF Investment vs. Rico Auto Industries | BF Investment vs. GACM Technologies Limited | BF Investment vs. JNK India |
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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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