Correlation Between General Insurance and V2 Retail
Specify exactly 2 symbols:
By analyzing existing cross correlation between General Insurance and V2 Retail Limited, you can compare the effects of market volatilities on General Insurance and V2 Retail 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 General Insurance with a short position of V2 Retail. Check out your portfolio center. Please also check ongoing floating volatility patterns of General Insurance and V2 Retail.
Diversification Opportunities for General Insurance and V2 Retail
0.11 | Correlation Coefficient |
Average diversification
The 3 months correlation between General and V2RETAIL is 0.11. Overlapping area represents the amount of risk that can be diversified away by holding General Insurance and V2 Retail Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on V2 Retail Limited and General Insurance 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 General Insurance are associated (or correlated) with V2 Retail. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of V2 Retail Limited has no effect on the direction of General Insurance i.e., General Insurance and V2 Retail go up and down completely randomly.
Pair Corralation between General Insurance and V2 Retail
Assuming the 90 days trading horizon General Insurance is expected to generate 0.75 times more return on investment than V2 Retail. However, General Insurance is 1.34 times less risky than V2 Retail. It trades about -0.02 of its potential returns per unit of risk. V2 Retail Limited is currently generating about -0.02 per unit of risk. If you would invest 39,900 in General Insurance on November 28, 2024 and sell it today you would lose (765.00) from holding General Insurance or give up 1.92% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
General Insurance vs. V2 Retail Limited
Performance |
| Timeline |
| General Insurance |
| V2 Retail Limited |
General Insurance and V2 Retail Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with General Insurance and V2 Retail
The main advantage of trading using opposite General Insurance and V2 Retail positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if General Insurance position performs unexpectedly, V2 Retail 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 V2 Retail will offset losses from the drop in V2 Retail's long position.| General Insurance vs. CREDITACCESS GRAMEEN LIMITED | General Insurance vs. KNR Constructions Limited | General Insurance vs. RBL Bank Limited | General Insurance vs. Clean Science and |
| V2 Retail vs. Gujarat Lease Financing | V2 Retail vs. Datamatics Global Services | V2 Retail vs. KNR Constructions Limited | V2 Retail vs. Yatra Online Limited |
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 CEOs Directory module to screen CEOs from public companies around the world.
Other Complementary Tools
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |