Correlation Between Aim Investment and Aim Treasurers
Can any of the company-specific risk be diversified away by investing in both Aim Investment and Aim Treasurers 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 Aim Investment and Aim Treasurers into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Aim Investment Secs and Aim Treasurers Series, you can compare the effects of market volatilities on Aim Investment and Aim Treasurers 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 Aim Investment with a short position of Aim Treasurers. Check out your portfolio center. Please also check ongoing floating volatility patterns of Aim Investment and Aim Treasurers.
Diversification Opportunities for Aim Investment and Aim Treasurers
1.0 | Correlation Coefficient |
No risk reduction
The 3 months correlation between Aim and Aim is 1.0. Overlapping area represents the amount of risk that can be diversified away by holding Aim Investment Secs and Aim Treasurers Series in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Aim Treasurers Series and Aim Investment 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 Aim Investment Secs are associated (or correlated) with Aim Treasurers. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Aim Treasurers Series has no effect on the direction of Aim Investment i.e., Aim Investment and Aim Treasurers go up and down completely randomly.
Pair Corralation between Aim Investment and Aim Treasurers
If you would invest 100.00 in Aim Treasurers Series on September 3, 2024 and sell it today you would earn a total of 0.00 from holding Aim Treasurers Series or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Aim Investment Secs vs. Aim Treasurers Series
Performance |
| Timeline |
| Aim Investment Secs |
| Aim Treasurers Series |
Aim Investment and Aim Treasurers Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Aim Investment and Aim Treasurers
The main advantage of trading using opposite Aim Investment and Aim Treasurers positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Aim Investment position performs unexpectedly, Aim Treasurers 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 Aim Treasurers will offset losses from the drop in Aim Treasurers' long position.| Aim Investment vs. Ab Value Fund | Aim Investment vs. Rbb Fund | Aim Investment vs. Abr 7525 Volatility | Aim Investment vs. Iaadx |
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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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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