Correlation Between FTAI Aviation and UOBSP
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By analyzing existing cross correlation between FTAI Aviation Ltd and UOBSP 3863 07 OCT 32, you can compare the effects of market volatilities on FTAI Aviation and UOBSP 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 FTAI Aviation with a short position of UOBSP. Check out your portfolio center. Please also check ongoing floating volatility patterns of FTAI Aviation and UOBSP.
Diversification Opportunities for FTAI Aviation and UOBSP
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between FTAI and UOBSP is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding FTAI Aviation Ltd and UOBSP 3863 07 OCT 32 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on UOBSP 3863 07 and FTAI Aviation 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 FTAI Aviation Ltd are associated (or correlated) with UOBSP. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of UOBSP 3863 07 has no effect on the direction of FTAI Aviation i.e., FTAI Aviation and UOBSP go up and down completely randomly.
Pair Corralation between FTAI Aviation and UOBSP
If you would invest (100.00) in UOBSP 3863 07 OCT 32 on October 25, 2024 and sell it today you would earn a total of 100.00 from holding UOBSP 3863 07 OCT 32 or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
FTAI Aviation Ltd vs. UOBSP 3863 07 OCT 32
Performance |
| Timeline |
| FTAI Aviation |
| UOBSP 3863 07 |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
FTAI Aviation and UOBSP Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FTAI Aviation and UOBSP
The main advantage of trading using opposite FTAI Aviation and UOBSP positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FTAI Aviation position performs unexpectedly, UOBSP 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 UOBSP will offset losses from the drop in UOBSP's long position.| FTAI Aviation vs. Ryder System | FTAI Aviation vs. Air Lease | FTAI Aviation vs. Vestis | FTAI Aviation vs. Willis Lease Finance |
| UOBSP vs. Taiwan Semiconductor Manufacturing | UOBSP vs. Tower Semiconductor | UOBSP vs. IPG Photonics | UOBSP vs. WPP PLC ADR |
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 Stocks Directory module to find actively traded stocks across global markets.
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