Correlation Between FPT CAPITAL and Van Dien
Specify exactly 2 symbols:
By analyzing existing cross correlation between FPT CAPITAL VNX50 and Van Dien Fused, you can compare the effects of market volatilities on FPT CAPITAL and Van Dien 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 FPT CAPITAL with a short position of Van Dien. Check out your portfolio center. Please also check ongoing floating volatility patterns of FPT CAPITAL and Van Dien.
Diversification Opportunities for FPT CAPITAL and Van Dien
-0.2 | Correlation Coefficient |
Good diversification
The 3 months correlation between FPT and Van is -0.2. Overlapping area represents the amount of risk that can be diversified away by holding FPT CAPITAL VNX50 and Van Dien Fused in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Van Dien Fused and FPT CAPITAL 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 FPT CAPITAL VNX50 are associated (or correlated) with Van Dien. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Van Dien Fused has no effect on the direction of FPT CAPITAL i.e., FPT CAPITAL and Van Dien go up and down completely randomly.
Pair Corralation between FPT CAPITAL and Van Dien
Assuming the 90 days trading horizon FPT CAPITAL is expected to generate 14.31 times less return on investment than Van Dien. But when comparing it to its historical volatility, FPT CAPITAL VNX50 is 1.7 times less risky than Van Dien. It trades about 0.01 of its potential returns per unit of risk. Van Dien Fused is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 711,164 in Van Dien Fused on December 4, 2024 and sell it today you would earn a total of 968,836 from holding Van Dien Fused or generate 136.23% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 84.73% |
| Values | Daily Returns |
FPT CAPITAL VNX50 vs. Van Dien Fused
Performance |
| Timeline |
| FPT CAPITAL VNX50 |
| Van Dien Fused |
FPT CAPITAL and Van Dien Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FPT CAPITAL and Van Dien
The main advantage of trading using opposite FPT CAPITAL and Van Dien positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FPT CAPITAL position performs unexpectedly, Van Dien 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 Van Dien will offset losses from the drop in Van Dien's long position.| FPT CAPITAL vs. KIM GROWTH VN30 | FPT CAPITAL vs. VINACAPITAL VN100 ETF | FPT CAPITAL vs. SSIAM VN30 ETF | FPT CAPITAL vs. SSIAM VNFIN LEAD |
| Van Dien vs. Materials Petroleum JSC | Van Dien vs. Pacific Petroleum Transportation | Van Dien vs. Dong Nai Plastic | Van Dien vs. Sao Vang Rubber |
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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Other Complementary Tools
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital |