Correlation Between Infinity Capital and IAR SA
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By analyzing existing cross correlation between Infinity Capital Investments and IAR SA, you can compare the effects of market volatilities on Infinity Capital and IAR 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 IAR SA. Check out your portfolio center. Please also check ongoing floating volatility patterns of Infinity Capital and IAR SA.
Diversification Opportunities for Infinity Capital and IAR SA
-0.64 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Infinity and IAR is -0.64. Overlapping area represents the amount of risk that can be diversified away by holding Infinity Capital Investments and IAR SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on IAR 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 IAR SA. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IAR SA has no effect on the direction of Infinity Capital i.e., Infinity Capital and IAR SA go up and down completely randomly.
Pair Corralation between Infinity Capital and IAR SA
Assuming the 90 days trading horizon Infinity Capital is expected to generate 1.29 times less return on investment than IAR SA. But when comparing it to its historical volatility, Infinity Capital Investments is 1.57 times less risky than IAR SA. It trades about 0.06 of its potential returns per unit of risk. IAR SA is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest 908.00 in IAR SA on September 3, 2024 and sell it today you would earn a total of 372.00 from holding IAR SA or generate 40.97% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Infinity Capital Investments vs. IAR SA
Performance |
| Timeline |
| Infinity Capital Inv |
| IAR SA |
Infinity Capital and IAR SA Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Infinity Capital and IAR SA
The main advantage of trading using opposite Infinity Capital and IAR SA positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Infinity Capital position performs unexpectedly, IAR 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 IAR SA will offset losses from the drop in IAR SA's long position.| Infinity Capital vs. Patria Bank SA | Infinity Capital vs. IM Vinaria Purcari | Infinity Capital vs. AROBS TRANSILVANIA SOFTWARE | Infinity Capital vs. Safetech Innovations SA |
| IAR SA vs. Infinity Capital Investments | IAR SA vs. Digi Communications NV | IAR SA vs. TRANSILVANIA INVESTMENTS ALLIANCE | IAR SA vs. Safetech Innovations 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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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