Correlation Between Cshg Jhsf and FDO INV
Can any of the company-specific risk be diversified away by investing in both Cshg Jhsf and FDO INV 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 Cshg Jhsf and FDO INV into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Cshg Jhsf Prime and FDO INV IMOB, you can compare the effects of market volatilities on Cshg Jhsf and FDO INV 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 Cshg Jhsf with a short position of FDO INV. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cshg Jhsf and FDO INV.
Diversification Opportunities for Cshg Jhsf and FDO INV
Excellent diversification
The 3 months correlation between Cshg and FDO is -0.52. Overlapping area represents the amount of risk that can be diversified away by holding Cshg Jhsf Prime and FDO INV IMOB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on FDO INV IMOB and Cshg Jhsf 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 Cshg Jhsf Prime are associated (or correlated) with FDO INV. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FDO INV IMOB has no effect on the direction of Cshg Jhsf i.e., Cshg Jhsf and FDO INV go up and down completely randomly.
Pair Corralation between Cshg Jhsf and FDO INV
Assuming the 90 days trading horizon Cshg Jhsf Prime is expected to under-perform the FDO INV. But the fund apears to be less risky and, when comparing its historical volatility, Cshg Jhsf Prime is 16.11 times less risky than FDO INV. The fund trades about -0.05 of its potential returns per unit of risk. The FDO INV IMOB is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest 20.00 in FDO INV IMOB on September 14, 2024 and sell it today you would earn a total of 144,980 from holding FDO INV IMOB or generate 724900.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 97.98% |
| Values | Daily Returns |
Cshg Jhsf Prime vs. FDO INV IMOB
Performance |
| Timeline |
| Cshg Jhsf Prime |
| FDO INV IMOB |
Cshg Jhsf and FDO INV Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Cshg Jhsf and FDO INV
The main advantage of trading using opposite Cshg Jhsf and FDO INV positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cshg Jhsf position performs unexpectedly, FDO INV 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 FDO INV will offset losses from the drop in FDO INV's long position.| Cshg Jhsf vs. Cshg Logistica | Cshg Jhsf vs. Cshg Atrium Shopping | Cshg Jhsf vs. FDO INV IMOB | Cshg Jhsf vs. SUPREMO FUNDO DE |
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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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