Correlation Between Integrum and Rejlers AB
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By analyzing existing cross correlation between Integrum AB Series and Rejlers AB, you can compare the effects of market volatilities on Integrum and Rejlers AB 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 Integrum with a short position of Rejlers AB. Check out your portfolio center. Please also check ongoing floating volatility patterns of Integrum and Rejlers AB.
Diversification Opportunities for Integrum and Rejlers AB
0.37 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Integrum and Rejlers is 0.37. Overlapping area represents the amount of risk that can be diversified away by holding Integrum AB Series and Rejlers AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Rejlers AB and Integrum 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 Integrum AB Series are associated (or correlated) with Rejlers AB. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Rejlers AB has no effect on the direction of Integrum i.e., Integrum and Rejlers AB go up and down completely randomly.
Pair Corralation between Integrum and Rejlers AB
Assuming the 90 days trading horizon Integrum AB Series is expected to under-perform the Rejlers AB. In addition to that, Integrum is 2.14 times more volatile than Rejlers AB. It trades about -0.15 of its total potential returns per unit of risk. Rejlers AB is currently generating about -0.09 per unit of volatility. If you would invest 14,520 in Rejlers AB on October 21, 2024 and sell it today you would lose (300.00) from holding Rejlers AB or give up 2.07% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Integrum AB Series vs. Rejlers AB
Performance |
| Timeline |
| Integrum AB Series |
| Rejlers AB |
Integrum and Rejlers AB Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Integrum and Rejlers AB
The main advantage of trading using opposite Integrum and Rejlers AB positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Integrum position performs unexpectedly, Rejlers AB 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 Rejlers AB will offset losses from the drop in Rejlers AB's long position.The idea behind Integrum AB Series and Rejlers AB pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| Rejlers AB vs. MAG Interactive AB | Rejlers AB vs. Kambi Group PLC | Rejlers AB vs. Hexatronic Group AB | Rejlers AB vs. Integrum AB Series |
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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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