Correlation Between Gibui Holdings and IBI Mutual
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By analyzing existing cross correlation between Gibui Holdings and IBI Mutual Funds, you can compare the effects of market volatilities on Gibui Holdings and IBI Mutual 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 Gibui Holdings with a short position of IBI Mutual. Check out your portfolio center. Please also check ongoing floating volatility patterns of Gibui Holdings and IBI Mutual.
Diversification Opportunities for Gibui Holdings and IBI Mutual
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Gibui and IBI is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Gibui Holdings and IBI Mutual Funds in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on IBI Mutual Funds and Gibui Holdings 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 Gibui Holdings are associated (or correlated) with IBI Mutual. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IBI Mutual Funds has no effect on the direction of Gibui Holdings i.e., Gibui Holdings and IBI Mutual go up and down completely randomly.
Pair Corralation between Gibui Holdings and IBI Mutual
Assuming the 90 days trading horizon Gibui Holdings is expected to generate 629.0 times less return on investment than IBI Mutual. But when comparing it to its historical volatility, Gibui Holdings is 12.12 times less risky than IBI Mutual. It trades about 0.0 of its potential returns per unit of risk. IBI Mutual Funds is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest 6,030 in IBI Mutual Funds on November 28, 2024 and sell it today you would earn a total of 1,140 from holding IBI Mutual Funds or generate 18.91% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 98.21% |
| Values | Daily Returns |
Gibui Holdings vs. IBI Mutual Funds
Performance |
| Timeline |
| Gibui Holdings |
| IBI Mutual Funds |
Gibui Holdings and IBI Mutual Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Gibui Holdings and IBI Mutual
The main advantage of trading using opposite Gibui Holdings and IBI Mutual positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Gibui Holdings position performs unexpectedly, IBI Mutual 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 IBI Mutual will offset losses from the drop in IBI Mutual's long position.| Gibui Holdings vs. Victory Supermarket Chain | Gibui Holdings vs. Skyline Investments | Gibui Holdings vs. Migdal Insurance | Gibui Holdings vs. Libra Insurance |
| IBI Mutual vs. Rapac Communication Infrastructure | IBI Mutual vs. Petrochemical | IBI Mutual vs. Terminal X Online | IBI Mutual vs. Millennium Food Tech LP |
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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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