Correlation Between IBI Mutual and Trendline
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By analyzing existing cross correlation between IBI Mutual Funds and Trendline, you can compare the effects of market volatilities on IBI Mutual and Trendline 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 Trendline. Check out your portfolio center. Please also check ongoing floating volatility patterns of IBI Mutual and Trendline.
Diversification Opportunities for IBI Mutual and Trendline
-0.26 | Correlation Coefficient |
Very good diversification
The 3 months correlation between IBI and Trendline is -0.26. Overlapping area represents the amount of risk that can be diversified away by holding IBI Mutual Funds and Trendline in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Trendline 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 Trendline. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Trendline has no effect on the direction of IBI Mutual i.e., IBI Mutual and Trendline go up and down completely randomly.
Pair Corralation between IBI Mutual and Trendline
Assuming the 90 days trading horizon IBI Mutual Funds is expected to generate 0.5 times more return on investment than Trendline. However, IBI Mutual Funds is 2.01 times less risky than Trendline. It trades about 0.01 of its potential returns per unit of risk. Trendline is currently generating about -0.02 per unit of risk. If you would invest 7,810 in IBI Mutual Funds on September 3, 2024 and sell it today you would earn a total of 270.00 from holding IBI Mutual Funds or generate 3.46% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
IBI Mutual Funds vs. Trendline
Performance |
| Timeline |
| IBI Mutual Funds |
| Trendline |
IBI Mutual and Trendline Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with IBI Mutual and Trendline
The main advantage of trading using opposite IBI Mutual and Trendline positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if IBI Mutual position performs unexpectedly, Trendline 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 Trendline will offset losses from the drop in Trendline'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 |
| Trendline vs. Discount Investment Corp | Trendline vs. Meitav Dash Investments | Trendline vs. IBI Mutual Funds | Trendline vs. Amot Investments |
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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