Correlation Between InRetail Peru and Grupo BVL
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By analyzing existing cross correlation between InRetail Peru Corp and Grupo BVL SA, you can compare the effects of market volatilities on InRetail Peru and Grupo BVL 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 InRetail Peru with a short position of Grupo BVL. Check out your portfolio center. Please also check ongoing floating volatility patterns of InRetail Peru and Grupo BVL.
Diversification Opportunities for InRetail Peru and Grupo BVL
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between InRetail and Grupo is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding InRetail Peru Corp and Grupo BVL SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Grupo BVL SA and InRetail Peru 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 InRetail Peru Corp are associated (or correlated) with Grupo BVL. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Grupo BVL SA has no effect on the direction of InRetail Peru i.e., InRetail Peru and Grupo BVL go up and down completely randomly.
Pair Corralation between InRetail Peru and Grupo BVL
If you would invest (100.00) in Grupo BVL SA on September 12, 2024 and sell it today you would earn a total of 100.00 from holding Grupo BVL SA or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
InRetail Peru Corp vs. Grupo BVL SA
Performance |
| Timeline |
| InRetail Peru Corp |
| Grupo BVL SA |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
InRetail Peru and Grupo BVL Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with InRetail Peru and Grupo BVL
The main advantage of trading using opposite InRetail Peru and Grupo BVL positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if InRetail Peru position performs unexpectedly, Grupo BVL 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 Grupo BVL will offset losses from the drop in Grupo BVL's long position.| InRetail Peru vs. Nexa Resources Peru | InRetail Peru vs. Citigroup | InRetail Peru vs. Compania de Minas | InRetail Peru vs. Compania Minera Poderosa |
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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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