Correlation Between Thayer Ventures and Swvl Holdings
Can any of the company-specific risk be diversified away by investing in both Thayer Ventures and Swvl Holdings at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Thayer Ventures and Swvl Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Thayer Ventures Acquisition and Swvl Holdings Corp, you can compare the effects of market volatilities on Thayer Ventures and Swvl Holdings 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 Thayer Ventures with a short position of Swvl Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Thayer Ventures and Swvl Holdings.
Diversification Opportunities for Thayer Ventures and Swvl Holdings
-0.44 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Thayer and Swvl is -0.44. Overlapping area represents the amount of risk that can be diversified away by holding Thayer Ventures Acquisition and Swvl Holdings Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Swvl Holdings Corp and Thayer Ventures 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 Thayer Ventures Acquisition are associated (or correlated) with Swvl Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Swvl Holdings Corp has no effect on the direction of Thayer Ventures i.e., Thayer Ventures and Swvl Holdings go up and down completely randomly.
Pair Corralation between Thayer Ventures and Swvl Holdings
Assuming the 90 days horizon Thayer Ventures Acquisition is expected to generate 2.19 times more return on investment than Swvl Holdings. However, Thayer Ventures is 2.19 times more volatile than Swvl Holdings Corp. It trades about 0.1 of its potential returns per unit of risk. Swvl Holdings Corp is currently generating about 0.06 per unit of risk. If you would invest 1.40 in Thayer Ventures Acquisition on August 28, 2024 and sell it today you would earn a total of 0.08 from holding Thayer Ventures Acquisition or generate 5.71% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 90.91% |
| Values | Daily Returns |
Thayer Ventures Acquisition vs. Swvl Holdings Corp
Performance |
| Timeline |
| Thayer Ventures Acqu |
| Swvl Holdings Corp |
Thayer Ventures and Swvl Holdings Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Thayer Ventures and Swvl Holdings
The main advantage of trading using opposite Thayer Ventures and Swvl Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Thayer Ventures position performs unexpectedly, Swvl Holdings 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 Swvl Holdings will offset losses from the drop in Swvl Holdings' long position.| Thayer Ventures vs. VF Corporation | Thayer Ventures vs. Levi Strauss Co | Thayer Ventures vs. Under Armour A | Thayer Ventures vs. Oxford Industries |
| Swvl Holdings vs. SentinelOne | Swvl Holdings vs. Unity Software | Swvl Holdings vs. Diodes Incorporated | Swvl Holdings vs. C3 Ai Inc |
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 Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Other Complementary Tools
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |