Correlation Between Invesco Bond and Nordea 1
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By analyzing existing cross correlation between Invesco Bond C and Nordea 1 , you can compare the effects of market volatilities on Invesco Bond and Nordea 1 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 Invesco Bond with a short position of Nordea 1. Check out your portfolio center. Please also check ongoing floating volatility patterns of Invesco Bond and Nordea 1.
Diversification Opportunities for Invesco Bond and Nordea 1
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Invesco and Nordea is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Invesco Bond C and Nordea 1 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Nordea 1 and Invesco Bond 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 Invesco Bond C are associated (or correlated) with Nordea 1. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Nordea 1 has no effect on the direction of Invesco Bond i.e., Invesco Bond and Nordea 1 go up and down completely randomly.
Pair Corralation between Invesco Bond and Nordea 1
If you would invest 29,567 in Nordea 1 on September 14, 2024 and sell it today you would earn a total of 11,022 from holding Nordea 1 or generate 37.28% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Invesco Bond C vs. Nordea 1
Performance |
| Timeline |
| Invesco Bond C |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| Nordea 1 |
Invesco Bond and Nordea 1 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Invesco Bond and Nordea 1
The main advantage of trading using opposite Invesco Bond and Nordea 1 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Invesco Bond position performs unexpectedly, Nordea 1 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 Nordea 1 will offset losses from the drop in Nordea 1's long position.| Invesco Bond vs. KLP AksjeNorge Indeks | Invesco Bond vs. Storebrand Global Solutions | Invesco Bond vs. Nordea 1 | Invesco Bond vs. Franklin Floating Rate |
| Nordea 1 vs. Nordea 1 | Nordea 1 vs. Nordea Norwegian Stars | Nordea 1 vs. Nordea North American | Nordea 1 vs. Nordea 1 |
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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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