Correlation Between INTERSHOP Communications and Samsung Electronics
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By analyzing existing cross correlation between INTERSHOP Communications Aktiengesellschaft and Samsung Electronics Co, you can compare the effects of market volatilities on INTERSHOP Communications and Samsung Electronics 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 INTERSHOP Communications with a short position of Samsung Electronics. Check out your portfolio center. Please also check ongoing floating volatility patterns of INTERSHOP Communications and Samsung Electronics.
Diversification Opportunities for INTERSHOP Communications and Samsung Electronics
-0.74 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between INTERSHOP and Samsung is -0.74. Overlapping area represents the amount of risk that can be diversified away by holding INTERSHOP Communications Aktie and Samsung Electronics Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Samsung Electronics and INTERSHOP Communications 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 INTERSHOP Communications Aktiengesellschaft are associated (or correlated) with Samsung Electronics. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Samsung Electronics has no effect on the direction of INTERSHOP Communications i.e., INTERSHOP Communications and Samsung Electronics go up and down completely randomly.
Pair Corralation between INTERSHOP Communications and Samsung Electronics
Assuming the 90 days trading horizon INTERSHOP Communications Aktiengesellschaft is expected to generate 0.5 times more return on investment than Samsung Electronics. However, INTERSHOP Communications Aktiengesellschaft is 2.0 times less risky than Samsung Electronics. It trades about -0.04 of its potential returns per unit of risk. Samsung Electronics Co is currently generating about -0.08 per unit of risk. If you would invest 193.00 in INTERSHOP Communications Aktiengesellschaft on September 12, 2024 and sell it today you would lose (3.00) from holding INTERSHOP Communications Aktiengesellschaft or give up 1.55% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
INTERSHOP Communications Aktie vs. Samsung Electronics Co
Performance |
| Timeline |
| INTERSHOP Communications |
| Samsung Electronics |
INTERSHOP Communications and Samsung Electronics Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with INTERSHOP Communications and Samsung Electronics
The main advantage of trading using opposite INTERSHOP Communications and Samsung Electronics positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if INTERSHOP Communications position performs unexpectedly, Samsung Electronics 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 Samsung Electronics will offset losses from the drop in Samsung Electronics' long position.| INTERSHOP Communications vs. Salesforce | INTERSHOP Communications vs. Superior Plus Corp | INTERSHOP Communications vs. SIVERS SEMICONDUCTORS AB | INTERSHOP Communications vs. Norsk Hydro ASA |
| Samsung Electronics vs. Methode Electronics | Samsung Electronics vs. Charter Communications | Samsung Electronics vs. Meiko Electronics Co | Samsung Electronics vs. ELECTRONIC ARTS |
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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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