Correlation Between IAR SA and Infinity Capital
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By analyzing existing cross correlation between IAR SA and Infinity Capital Investments, you can compare the effects of market volatilities on IAR SA and Infinity Capital 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 IAR SA with a short position of Infinity Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of IAR SA and Infinity Capital.
Diversification Opportunities for IAR SA and Infinity Capital
-0.64 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between IAR and Infinity is -0.64. Overlapping area represents the amount of risk that can be diversified away by holding IAR SA and Infinity Capital Investments in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Infinity Capital Inv and IAR SA 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 IAR SA are associated (or correlated) with Infinity Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Infinity Capital Inv has no effect on the direction of IAR SA i.e., IAR SA and Infinity Capital go up and down completely randomly.
Pair Corralation between IAR SA and Infinity Capital
Assuming the 90 days trading horizon IAR SA is expected to under-perform the Infinity Capital. In addition to that, IAR SA is 1.08 times more volatile than Infinity Capital Investments. It trades about -0.05 of its total potential returns per unit of risk. Infinity Capital Investments is currently generating about 0.11 per unit of volatility. If you would invest 220.00 in Infinity Capital Investments on September 3, 2024 and sell it today you would earn a total of 20.00 from holding Infinity Capital Investments or generate 9.09% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
IAR SA vs. Infinity Capital Investments
Performance |
| Timeline |
| IAR SA |
| Infinity Capital Inv |
IAR SA and Infinity Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with IAR SA and Infinity Capital
The main advantage of trading using opposite IAR SA and Infinity Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if IAR SA position performs unexpectedly, Infinity Capital 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 Infinity Capital will offset losses from the drop in Infinity Capital's long position.| IAR SA vs. Infinity Capital Investments | IAR SA vs. Digi Communications NV | IAR SA vs. TRANSILVANIA INVESTMENTS ALLIANCE | IAR SA vs. Safetech Innovations SA |
| Infinity Capital vs. Patria Bank SA | Infinity Capital vs. IM Vinaria Purcari | Infinity Capital vs. AROBS TRANSILVANIA SOFTWARE | Infinity Capital vs. Safetech Innovations SA |
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.
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