Correlation Between Huntwicke Capital and Atlanticus Holdings
Can any of the company-specific risk be diversified away by investing in both Huntwicke Capital and Atlanticus Holdings 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 Huntwicke Capital and Atlanticus Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Huntwicke Capital Group and Atlanticus Holdings Corp, you can compare the effects of market volatilities on Huntwicke Capital and Atlanticus Holdings 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 Huntwicke Capital with a short position of Atlanticus Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Huntwicke Capital and Atlanticus Holdings.
Diversification Opportunities for Huntwicke Capital and Atlanticus Holdings
-0.39 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Huntwicke and Atlanticus is -0.39. Overlapping area represents the amount of risk that can be diversified away by holding Huntwicke Capital Group and Atlanticus Holdings Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Atlanticus Holdings Corp and Huntwicke Capital 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 Huntwicke Capital Group are associated (or correlated) with Atlanticus Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Atlanticus Holdings Corp has no effect on the direction of Huntwicke Capital i.e., Huntwicke Capital and Atlanticus Holdings go up and down completely randomly.
Pair Corralation between Huntwicke Capital and Atlanticus Holdings
If you would invest 2,266 in Atlanticus Holdings Corp on August 24, 2024 and sell it today you would earn a total of 123.00 from holding Atlanticus Holdings Corp or generate 5.43% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 4.55% |
| Values | Daily Returns |
Huntwicke Capital Group vs. Atlanticus Holdings Corp
Performance |
| Timeline |
| Huntwicke Capital |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| Atlanticus Holdings Corp |
Huntwicke Capital and Atlanticus Holdings Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Huntwicke Capital and Atlanticus Holdings
The main advantage of trading using opposite Huntwicke Capital and Atlanticus Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Huntwicke Capital position performs unexpectedly, Atlanticus Holdings 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 Atlanticus Holdings will offset losses from the drop in Atlanticus Holdings' long position.| Huntwicke Capital vs. BlackRock | Huntwicke Capital vs. KKR Co LP | Huntwicke Capital vs. Apollo Global Management | Huntwicke Capital vs. Brookfield Asset Management |
| Atlanticus Holdings vs. Babcock Wilcox Enterprises | Atlanticus Holdings vs. XOMA Corporation | Atlanticus Holdings vs. Brighthouse Financial | Atlanticus Holdings vs. Presidio Property Trust |
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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