Correlation Between Investcorp India and A SPAC
Can any of the company-specific risk be diversified away by investing in both Investcorp India and A SPAC 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 Investcorp India and A SPAC into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Investcorp India Acquisition and A SPAC II, you can compare the effects of market volatilities on Investcorp India and A SPAC 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 Investcorp India with a short position of A SPAC. Check out your portfolio center. Please also check ongoing floating volatility patterns of Investcorp India and A SPAC.
Diversification Opportunities for Investcorp India and A SPAC
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Investcorp and ASCBU is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Investcorp India Acquisition and A SPAC II in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on A SPAC II and Investcorp India 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 Investcorp India Acquisition are associated (or correlated) with A SPAC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of A SPAC II has no effect on the direction of Investcorp India i.e., Investcorp India and A SPAC go up and down completely randomly.
Pair Corralation between Investcorp India and A SPAC
If you would invest 1,160 in Investcorp India Acquisition on October 26, 2024 and sell it today you would earn a total of 24.00 from holding Investcorp India Acquisition or generate 2.07% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 1.69% |
| Values | Daily Returns |
Investcorp India Acquisition vs. A SPAC II
Performance |
| Timeline |
| Investcorp India Acq |
| A SPAC II |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Investcorp India and A SPAC Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Investcorp India and A SPAC
The main advantage of trading using opposite Investcorp India and A SPAC positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Investcorp India position performs unexpectedly, A SPAC 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 A SPAC will offset losses from the drop in A SPAC's long position.| Investcorp India vs. Westrock Coffee | Investcorp India vs. Allient | Investcorp India vs. Amkor Technology | Investcorp India vs. Molson Coors Brewing |
| A SPAC vs. Denali Capital Acquisition | A SPAC vs. Cartesian Growth | A SPAC vs. Investcorp India Acquisition |
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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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