Correlation Between Lincoln Educational and 87165BAR4
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By analyzing existing cross correlation between Lincoln Educational Services and SYF 2875 28 OCT 31, you can compare the effects of market volatilities on Lincoln Educational and 87165BAR4 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 87165BAR4. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lincoln Educational and 87165BAR4.
Diversification Opportunities for Lincoln Educational and 87165BAR4
-0.58 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Lincoln and 87165BAR4 is -0.58. Overlapping area represents the amount of risk that can be diversified away by holding Lincoln Educational Services and SYF 2875 28 OCT 31 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SYF 2875 28 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 87165BAR4. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SYF 2875 28 has no effect on the direction of Lincoln Educational i.e., Lincoln Educational and 87165BAR4 go up and down completely randomly.
Pair Corralation between Lincoln Educational and 87165BAR4
Given the investment horizon of 90 days Lincoln Educational Services is expected to generate 1.67 times more return on investment than 87165BAR4. However, Lincoln Educational is 1.67 times more volatile than SYF 2875 28 OCT 31. It trades about 0.29 of its potential returns per unit of risk. SYF 2875 28 OCT 31 is currently generating about -0.17 per unit of risk. If you would invest 1,338 in Lincoln Educational Services on September 5, 2024 and sell it today you would earn a total of 282.00 from holding Lincoln Educational Services or generate 21.08% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 95.24% |
| Values | Daily Returns |
Lincoln Educational Services vs. SYF 2875 28 OCT 31
Performance |
| Timeline |
| Lincoln Educational |
| SYF 2875 28 |
Lincoln Educational and 87165BAR4 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Lincoln Educational and 87165BAR4
The main advantage of trading using opposite Lincoln Educational and 87165BAR4 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Lincoln Educational position performs unexpectedly, 87165BAR4 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 87165BAR4 will offset losses from the drop in 87165BAR4's long position.| Lincoln Educational vs. Laureate Education | Lincoln Educational vs. Strategic Education | Lincoln Educational vs. Grand Canyon Education |
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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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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