Correlation Between Eastman Kodak and 122014AH6
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By analyzing existing cross correlation between Eastman Kodak Co and COP 82 15 MAR 25, you can compare the effects of market volatilities on Eastman Kodak and 122014AH6 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 Eastman Kodak with a short position of 122014AH6. Check out your portfolio center. Please also check ongoing floating volatility patterns of Eastman Kodak and 122014AH6.
Diversification Opportunities for Eastman Kodak and 122014AH6
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Eastman and 122014AH6 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Eastman Kodak Co and COP 82 15 MAR 25 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on COP 82 15 and Eastman Kodak 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 Eastman Kodak Co are associated (or correlated) with 122014AH6. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of COP 82 15 has no effect on the direction of Eastman Kodak i.e., Eastman Kodak and 122014AH6 go up and down completely randomly.
Pair Corralation between Eastman Kodak and 122014AH6
If you would invest 459.00 in Eastman Kodak Co on September 14, 2024 and sell it today you would earn a total of 220.00 from holding Eastman Kodak Co or generate 47.93% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Eastman Kodak Co vs. COP 82 15 MAR 25
Performance |
| Timeline |
| Eastman Kodak |
| COP 82 15 |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Eastman Kodak and 122014AH6 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Eastman Kodak and 122014AH6
The main advantage of trading using opposite Eastman Kodak and 122014AH6 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Eastman Kodak position performs unexpectedly, 122014AH6 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 122014AH6 will offset losses from the drop in 122014AH6's long position.| Eastman Kodak vs. Rigetti Computing | Eastman Kodak vs. D Wave Quantum | Eastman Kodak vs. Desktop Metal | Eastman Kodak vs. Quantum Computing |
| 122014AH6 vs. Merit Medical Systems | 122014AH6 vs. LENSAR Inc | 122014AH6 vs. Teleflex Incorporated | 122014AH6 vs. Sonida Senior Living |
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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