Correlation Between Integral and EXELON
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By analyzing existing cross correlation between Integral Ad Science and EXELON GENERATION LLC, you can compare the effects of market volatilities on Integral and EXELON 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 Integral with a short position of EXELON. Check out your portfolio center. Please also check ongoing floating volatility patterns of Integral and EXELON.
Diversification Opportunities for Integral and EXELON
Weak diversification
The 3 months correlation between Integral and EXELON is 0.37. Overlapping area represents the amount of risk that can be diversified away by holding Integral Ad Science and EXELON GENERATION LLC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on EXELON GENERATION LLC and Integral 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 Integral Ad Science are associated (or correlated) with EXELON. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EXELON GENERATION LLC has no effect on the direction of Integral i.e., Integral and EXELON go up and down completely randomly.
Pair Corralation between Integral and EXELON
Considering the 90-day investment horizon Integral Ad Science is expected to under-perform the EXELON. In addition to that, Integral is 1.51 times more volatile than EXELON GENERATION LLC. It trades about 0.0 of its total potential returns per unit of risk. EXELON GENERATION LLC is currently generating about 0.15 per unit of volatility. If you would invest 9,679 in EXELON GENERATION LLC on November 3, 2024 and sell it today you would earn a total of 460.00 from holding EXELON GENERATION LLC or generate 4.75% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 95.45% |
| Values | Daily Returns |
Integral Ad Science vs. EXELON GENERATION LLC
Performance |
| Timeline |
| Integral Ad Science |
| EXELON GENERATION LLC |
Integral and EXELON Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Integral and EXELON
The main advantage of trading using opposite Integral and EXELON positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Integral position performs unexpectedly, EXELON 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 EXELON will offset losses from the drop in EXELON's long position.The idea behind Integral Ad Science and EXELON GENERATION LLC pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| EXELON vs. SBM Offshore NV | EXELON vs. Lincoln Electric Holdings | EXELON vs. Sable Offshore Corp | EXELON vs. China Tontine Wines |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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