Correlation Between Jyske Invest and DKIDKF
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By analyzing existing cross correlation between Jyske Invest Virksomhedsobligationer and Investeringsforeningen Danske Invest, you can compare the effects of market volatilities on Jyske Invest and DKIDKF 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 Jyske Invest with a short position of DKIDKF. Check out your portfolio center. Please also check ongoing floating volatility patterns of Jyske Invest and DKIDKF.
Diversification Opportunities for Jyske Invest and DKIDKF
-0.45 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Jyske and DKIDKF is -0.45. Overlapping area represents the amount of risk that can be diversified away by holding Jyske Invest Virksomhedsobliga and Investeringsforeningen Danske in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Investeringsforeningen and Jyske Invest 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 Jyske Invest Virksomhedsobligationer are associated (or correlated) with DKIDKF. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Investeringsforeningen has no effect on the direction of Jyske Invest i.e., Jyske Invest and DKIDKF go up and down completely randomly.
Pair Corralation between Jyske Invest and DKIDKF
Assuming the 90 days trading horizon Jyske Invest Virksomhedsobligationer is expected to generate 0.32 times more return on investment than DKIDKF. However, Jyske Invest Virksomhedsobligationer is 3.17 times less risky than DKIDKF. It trades about 0.13 of its potential returns per unit of risk. Investeringsforeningen Danske Invest is currently generating about -0.04 per unit of risk. If you would invest 9,332 in Jyske Invest Virksomhedsobligationer on September 1, 2024 and sell it today you would earn a total of 84.00 from holding Jyske Invest Virksomhedsobligationer or generate 0.9% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Jyske Invest Virksomhedsobliga vs. Investeringsforeningen Danske
Performance |
| Timeline |
| Jyske Invest Virksom |
| Investeringsforeningen |
Jyske Invest and DKIDKF Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Jyske Invest and DKIDKF
The main advantage of trading using opposite Jyske Invest and DKIDKF positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Jyske Invest position performs unexpectedly, DKIDKF 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 DKIDKF will offset losses from the drop in DKIDKF's long position.| Jyske Invest vs. Strategic Investments AS | Jyske Invest vs. TROPHY GAMES Development | Jyske Invest vs. Dataproces Group AS | Jyske Invest vs. Spar Nord Bank |
| DKIDKF vs. Sparinvest Lange | DKIDKF vs. Investeringsforeningen Danske Invest | DKIDKF vs. Sparinv SICAV | DKIDKF vs. Sparinvest Value Emerging |
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.
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