Correlation Between Eagle Mid and 25160PAE7
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By analyzing existing cross correlation between Eagle Mid Cap and DEUTSCHE BK AG, you can compare the effects of market volatilities on Eagle Mid and 25160PAE7 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 Eagle Mid with a short position of 25160PAE7. Check out your portfolio center. Please also check ongoing floating volatility patterns of Eagle Mid and 25160PAE7.
Diversification Opportunities for Eagle Mid and 25160PAE7
Pay attention - limited upside
The 3 months correlation between Eagle and 25160PAE7 is -0.73. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Mid Cap and DEUTSCHE BK AG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on DEUTSCHE BK AG and Eagle Mid 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 Eagle Mid Cap are associated (or correlated) with 25160PAE7. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DEUTSCHE BK AG has no effect on the direction of Eagle Mid i.e., Eagle Mid and 25160PAE7 go up and down completely randomly.
Pair Corralation between Eagle Mid and 25160PAE7
Assuming the 90 days horizon Eagle Mid Cap is expected to generate 1.12 times more return on investment than 25160PAE7. However, Eagle Mid is 1.12 times more volatile than DEUTSCHE BK AG. It trades about 0.05 of its potential returns per unit of risk. DEUTSCHE BK AG is currently generating about 0.03 per unit of risk. If you would invest 6,506 in Eagle Mid Cap on September 26, 2024 and sell it today you would earn a total of 1,666 from holding Eagle Mid Cap or generate 25.61% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 77.06% |
| Values | Daily Returns |
Eagle Mid Cap vs. DEUTSCHE BK AG
Performance |
| Timeline |
| Eagle Mid Cap |
| DEUTSCHE BK AG |
Eagle Mid and 25160PAE7 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Eagle Mid and 25160PAE7
The main advantage of trading using opposite Eagle Mid and 25160PAE7 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Eagle Mid position performs unexpectedly, 25160PAE7 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 25160PAE7 will offset losses from the drop in 25160PAE7's long position.| Eagle Mid vs. Eagle Small Cap | Eagle Mid vs. Eagle Growth Income | Eagle Mid vs. Eagle Capital Appreciation | Eagle Mid vs. Victory Sycamore Established |
| 25160PAE7 vs. Burlington Stores | 25160PAE7 vs. PVH Corp | 25160PAE7 vs. Artisan Partners Asset | 25160PAE7 vs. Commonwealth Bank of |
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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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