Correlation Between IBI Mutual and Gamatronic Electronic
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By analyzing existing cross correlation between IBI Mutual Funds and Gamatronic Electronic Industries, you can compare the effects of market volatilities on IBI Mutual and Gamatronic Electronic 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 IBI Mutual with a short position of Gamatronic Electronic. Check out your portfolio center. Please also check ongoing floating volatility patterns of IBI Mutual and Gamatronic Electronic.
Diversification Opportunities for IBI Mutual and Gamatronic Electronic
-0.73 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between IBI and Gamatronic is -0.73. Overlapping area represents the amount of risk that can be diversified away by holding IBI Mutual Funds and Gamatronic Electronic Industri in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Gamatronic Electronic and IBI Mutual 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 IBI Mutual Funds are associated (or correlated) with Gamatronic Electronic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gamatronic Electronic has no effect on the direction of IBI Mutual i.e., IBI Mutual and Gamatronic Electronic go up and down completely randomly.
Pair Corralation between IBI Mutual and Gamatronic Electronic
Assuming the 90 days trading horizon IBI Mutual is expected to generate 3.04 times less return on investment than Gamatronic Electronic. But when comparing it to its historical volatility, IBI Mutual Funds is 1.36 times less risky than Gamatronic Electronic. It trades about 0.06 of its potential returns per unit of risk. Gamatronic Electronic Industries is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest 90,010 in Gamatronic Electronic Industries on August 30, 2024 and sell it today you would earn a total of 4,530 from holding Gamatronic Electronic Industries or generate 5.03% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 94.74% |
| Values | Daily Returns |
IBI Mutual Funds vs. Gamatronic Electronic Industri
Performance |
| Timeline |
| IBI Mutual Funds |
| Gamatronic Electronic |
IBI Mutual and Gamatronic Electronic Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with IBI Mutual and Gamatronic Electronic
The main advantage of trading using opposite IBI Mutual and Gamatronic Electronic positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if IBI Mutual position performs unexpectedly, Gamatronic Electronic 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 Gamatronic Electronic will offset losses from the drop in Gamatronic Electronic's long position.| IBI Mutual vs. Nice | IBI Mutual vs. The Gold Bond | IBI Mutual vs. Bank Leumi Le Israel | IBI Mutual vs. ICL Israel Chemicals |
| Gamatronic Electronic vs. Direct Capital Investments | Gamatronic Electronic vs. B Communications | Gamatronic Electronic vs. Holmes Place International | Gamatronic Electronic vs. Nova |
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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
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