Correlation Between Lincoln Educational and 037389BE2
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By analyzing existing cross correlation between Lincoln Educational Services and AON P, you can compare the effects of market volatilities on Lincoln Educational and 037389BE2 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 Lincoln Educational with a short position of 037389BE2. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lincoln Educational and 037389BE2.
Diversification Opportunities for Lincoln Educational and 037389BE2
-0.69 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Lincoln and 037389BE2 is -0.69. Overlapping area represents the amount of risk that can be diversified away by holding Lincoln Educational Services and AON P in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on 037389BE2 and Lincoln Educational 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 Lincoln Educational Services are associated (or correlated) with 037389BE2. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of 037389BE2 has no effect on the direction of Lincoln Educational i.e., Lincoln Educational and 037389BE2 go up and down completely randomly.
Pair Corralation between Lincoln Educational and 037389BE2
Given the investment horizon of 90 days Lincoln Educational Services is expected to generate 7.12 times more return on investment than 037389BE2. However, Lincoln Educational is 7.12 times more volatile than AON P. It trades about 0.09 of its potential returns per unit of risk. AON P is currently generating about -0.01 per unit of risk. If you would invest 1,004 in Lincoln Educational Services on August 25, 2024 and sell it today you would earn a total of 611.00 from holding Lincoln Educational Services or generate 60.86% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 99.56% |
| Values | Daily Returns |
Lincoln Educational Services vs. AON P
Performance |
| Timeline |
| Lincoln Educational |
| 037389BE2 |
Lincoln Educational and 037389BE2 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Lincoln Educational and 037389BE2
The main advantage of trading using opposite Lincoln Educational and 037389BE2 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Lincoln Educational position performs unexpectedly, 037389BE2 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 037389BE2 will offset losses from the drop in 037389BE2's long position.| Lincoln Educational vs. Vasta Platform | Lincoln Educational vs. Laureate Education | Lincoln Educational vs. American Public Education | Lincoln Educational vs. Adtalem Global Education |
| 037389BE2 vs. Lion One Metals | 037389BE2 vs. ACG Metals Limited | 037389BE2 vs. Lincoln Educational Services | 037389BE2 vs. WEBTOON Entertainment Common |
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 Stocks Directory module to find actively traded stocks across global markets.
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