Correlation Between Gan and Intema Solutions
Can any of the company-specific risk be diversified away by investing in both Gan and Intema Solutions at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Gan and Intema Solutions into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Gan and Intema Solutions, you can compare the effects of market volatilities on Gan and Intema Solutions 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 Gan with a short position of Intema Solutions. Check out your portfolio center. Please also check ongoing floating volatility patterns of Gan and Intema Solutions.
Diversification Opportunities for Gan and Intema Solutions
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Gan and Intema is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Gan and Intema Solutions in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intema Solutions and Gan 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 Gan are associated (or correlated) with Intema Solutions. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intema Solutions has no effect on the direction of Gan i.e., Gan and Intema Solutions go up and down completely randomly.
Pair Corralation between Gan and Intema Solutions
If you would invest 172.00 in Gan on August 25, 2024 and sell it today you would earn a total of 12.00 from holding Gan or generate 6.98% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 98.46% |
| Values | Daily Returns |
Gan vs. Intema Solutions
Performance |
| Timeline |
| Gan |
| Intema Solutions |
Gan and Intema Solutions Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Gan and Intema Solutions
The main advantage of trading using opposite Gan and Intema Solutions positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Gan position performs unexpectedly, Intema Solutions 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 Intema Solutions will offset losses from the drop in Intema Solutions' long position.The idea behind Gan and Intema Solutions pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| Intema Solutions vs. Real Luck Group | Intema Solutions vs. Betmakers Technology Group | Intema Solutions vs. Jackpot Digital |
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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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