Correlation Between Gentera SAB and Regional SAB
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By analyzing existing cross correlation between Gentera SAB de and Regional SAB de, you can compare the effects of market volatilities on Gentera SAB and Regional SAB 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 Gentera SAB with a short position of Regional SAB. Check out your portfolio center. Please also check ongoing floating volatility patterns of Gentera SAB and Regional SAB.
Diversification Opportunities for Gentera SAB and Regional SAB
-0.16 | Correlation Coefficient |
Good diversification
The 3 months correlation between Gentera and Regional is -0.16. Overlapping area represents the amount of risk that can be diversified away by holding Gentera SAB de and Regional SAB de in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Regional SAB de and Gentera SAB 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 Gentera SAB de are associated (or correlated) with Regional SAB. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Regional SAB de has no effect on the direction of Gentera SAB i.e., Gentera SAB and Regional SAB go up and down completely randomly.
Pair Corralation between Gentera SAB and Regional SAB
Assuming the 90 days trading horizon Gentera SAB de is expected to generate 1.15 times more return on investment than Regional SAB. However, Gentera SAB is 1.15 times more volatile than Regional SAB de. It trades about 0.05 of its potential returns per unit of risk. Regional SAB de is currently generating about 0.0 per unit of risk. If you would invest 1,829 in Gentera SAB de on August 31, 2024 and sell it today you would earn a total of 738.00 from holding Gentera SAB de or generate 40.35% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Gentera SAB de vs. Regional SAB de
Performance |
| Timeline |
| Gentera SAB de |
| Regional SAB de |
Gentera SAB and Regional SAB Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Gentera SAB and Regional SAB
The main advantage of trading using opposite Gentera SAB and Regional SAB positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Gentera SAB position performs unexpectedly, Regional SAB 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 Regional SAB will offset losses from the drop in Regional SAB's long position.| Gentera SAB vs. Grupo Financiero Inbursa | Gentera SAB vs. Promotora y Operadora | Gentera SAB vs. ALPEK SAB de | Gentera SAB vs. Grupo Financiero Banorte |
| Regional SAB vs. Banco del Bajo | Regional SAB vs. Gentera SAB de | Regional SAB vs. Megacable Holdings S | Regional SAB vs. Becle SAB de |
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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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