Correlation Between Intertech and Logismos Information
Specify exactly 2 symbols:
By analyzing existing cross correlation between Intertech SA Inter and Logismos Information Systems, you can compare the effects of market volatilities on Intertech and Logismos Information 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 Intertech with a short position of Logismos Information. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intertech and Logismos Information.
Diversification Opportunities for Intertech and Logismos Information
0.49 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Intertech and Logismos is 0.49. Overlapping area represents the amount of risk that can be diversified away by holding Intertech SA Inter and Logismos Information Systems in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Logismos Information and Intertech 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 Intertech SA Inter are associated (or correlated) with Logismos Information. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Logismos Information has no effect on the direction of Intertech i.e., Intertech and Logismos Information go up and down completely randomly.
Pair Corralation between Intertech and Logismos Information
Assuming the 90 days trading horizon Intertech SA Inter is expected to generate 1.78 times more return on investment than Logismos Information. However, Intertech is 1.78 times more volatile than Logismos Information Systems. It trades about 0.24 of its potential returns per unit of risk. Logismos Information Systems is currently generating about 0.36 per unit of risk. If you would invest 105.00 in Intertech SA Inter on October 23, 2024 and sell it today you would earn a total of 9.00 from holding Intertech SA Inter or generate 8.57% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Intertech SA Inter vs. Logismos Information Systems
Performance |
| Timeline |
| Intertech SA Inter |
| Logismos Information |
Intertech and Logismos Information Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Intertech and Logismos Information
The main advantage of trading using opposite Intertech and Logismos Information positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Intertech position performs unexpectedly, Logismos Information 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 Logismos Information will offset losses from the drop in Logismos Information's long position.| Intertech vs. Unibios Holdings SA | Intertech vs. Intracom Holdings SA | Intertech vs. Ideal Group SA | Intertech vs. Public Power |
| Logismos Information vs. Karelia Tobacco | Logismos Information vs. Marfin Investment Group | Logismos Information vs. Intertech SA Inter | Logismos Information vs. Athens Medical CSA |
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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Other Complementary Tools
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |