Correlation Between Infinity Capital and Comvex SA
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By analyzing existing cross correlation between Infinity Capital Investments and Comvex SA, you can compare the effects of market volatilities on Infinity Capital and Comvex SA 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 Infinity Capital with a short position of Comvex SA. Check out your portfolio center. Please also check ongoing floating volatility patterns of Infinity Capital and Comvex SA.
Diversification Opportunities for Infinity Capital and Comvex SA
-0.33 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Infinity and Comvex is -0.33. Overlapping area represents the amount of risk that can be diversified away by holding Infinity Capital Investments and Comvex SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Comvex SA and Infinity Capital 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 Infinity Capital Investments are associated (or correlated) with Comvex SA. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Comvex SA has no effect on the direction of Infinity Capital i.e., Infinity Capital and Comvex SA go up and down completely randomly.
Pair Corralation between Infinity Capital and Comvex SA
Assuming the 90 days trading horizon Infinity Capital is expected to generate 2.39 times less return on investment than Comvex SA. But when comparing it to its historical volatility, Infinity Capital Investments is 3.34 times less risky than Comvex SA. It trades about 0.09 of its potential returns per unit of risk. Comvex SA is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest 4,003 in Comvex SA on August 31, 2024 and sell it today you would earn a total of 3,747 from holding Comvex SA or generate 93.6% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 99.73% |
| Values | Daily Returns |
Infinity Capital Investments vs. Comvex SA
Performance |
| Timeline |
| Infinity Capital Inv |
| Comvex SA |
Infinity Capital and Comvex SA Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Infinity Capital and Comvex SA
The main advantage of trading using opposite Infinity Capital and Comvex SA positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Infinity Capital position performs unexpectedly, Comvex SA 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 Comvex SA will offset losses from the drop in Comvex SA's long position.| Infinity Capital vs. TRANSILVANIA INVESTMENTS ALLIANCE | Infinity Capital vs. Remarul 16 Februarie | Infinity Capital vs. Turism Felix B | Infinity Capital vs. TRANSILVANIA LEASING SI |
| Comvex SA vs. Infinity Capital Investments | Comvex SA vs. Evergent Investments SA | Comvex SA vs. Biofarm Bucure | Comvex SA vs. AROBS TRANSILVANIA SOFTWARE |
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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