Correlation Between IBEX 35 and IBEX Total
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By analyzing existing cross correlation between IBEX 35 Index and IBEX Total Return, you can compare the effects of market volatilities on IBEX 35 and IBEX Total 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 IBEX 35 with a short position of IBEX Total. Check out your portfolio center. Please also check ongoing floating volatility patterns of IBEX 35 and IBEX Total.
Diversification Opportunities for IBEX 35 and IBEX Total
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between IBEX and IBEX is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding IBEX 35 Index and IBEX Total Return in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on IBEX Total Return and IBEX 35 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 IBEX 35 Index are associated (or correlated) with IBEX Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IBEX Total Return has no effect on the direction of IBEX 35 i.e., IBEX 35 and IBEX Total go up and down completely randomly.
Pair Corralation between IBEX 35 and IBEX Total
If you would invest (100.00) in IBEX Total Return on October 9, 2024 and sell it today you would earn a total of 100.00 from holding IBEX Total Return or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
IBEX 35 Index vs. IBEX Total Return
Performance |
| Timeline |
IBEX 35 and IBEX Total Volatility Contrast
Predicted Return Density |
| Returns |
IBEX 35 Index
Pair trading matchups for IBEX 35
IBEX Total Return
Pair trading matchups for IBEX Total
Pair Trading with IBEX 35 and IBEX Total
The main advantage of trading using opposite IBEX 35 and IBEX Total positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if IBEX 35 position performs unexpectedly, IBEX Total 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 IBEX Total will offset losses from the drop in IBEX Total's long position.| IBEX 35 vs. NH Hoteles | IBEX 35 vs. Millenium Hotels Real | IBEX 35 vs. Vytrus Biotech SA | IBEX 35 vs. Techo Hogar SOCIMI, |
| IBEX Total vs. Bankinter | IBEX Total vs. International Consolidated Airlines | IBEX Total vs. Inhome Prime Properties | IBEX Total vs. Vytrus Biotech 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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