Correlation Between LIVINGTRUST MORTGAGE and JAIZ BANK
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By analyzing existing cross correlation between LIVINGTRUST MORTGAGE BANK and JAIZ BANK PLC, you can compare the effects of market volatilities on LIVINGTRUST MORTGAGE and JAIZ BANK 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 LIVINGTRUST MORTGAGE with a short position of JAIZ BANK. Check out your portfolio center. Please also check ongoing floating volatility patterns of LIVINGTRUST MORTGAGE and JAIZ BANK.
Diversification Opportunities for LIVINGTRUST MORTGAGE and JAIZ BANK
0.9 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between LIVINGTRUST and JAIZ is 0.9. Overlapping area represents the amount of risk that can be diversified away by holding LIVINGTRUST MORTGAGE BANK and JAIZ BANK PLC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on JAIZ BANK PLC and LIVINGTRUST MORTGAGE 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 LIVINGTRUST MORTGAGE BANK are associated (or correlated) with JAIZ BANK. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of JAIZ BANK PLC has no effect on the direction of LIVINGTRUST MORTGAGE i.e., LIVINGTRUST MORTGAGE and JAIZ BANK go up and down completely randomly.
Pair Corralation between LIVINGTRUST MORTGAGE and JAIZ BANK
Assuming the 90 days trading horizon LIVINGTRUST MORTGAGE BANK is expected to generate 1.55 times more return on investment than JAIZ BANK. However, LIVINGTRUST MORTGAGE is 1.55 times more volatile than JAIZ BANK PLC. It trades about 0.42 of its potential returns per unit of risk. JAIZ BANK PLC is currently generating about 0.02 per unit of risk. If you would invest 363.00 in LIVINGTRUST MORTGAGE BANK on October 26, 2024 and sell it today you would earn a total of 118.00 from holding LIVINGTRUST MORTGAGE BANK or generate 32.51% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
LIVINGTRUST MORTGAGE BANK vs. JAIZ BANK PLC
Performance |
| Timeline |
| LIVINGTRUST MORTGAGE BANK |
| JAIZ BANK PLC |
LIVINGTRUST MORTGAGE and JAIZ BANK Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with LIVINGTRUST MORTGAGE and JAIZ BANK
The main advantage of trading using opposite LIVINGTRUST MORTGAGE and JAIZ BANK positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if LIVINGTRUST MORTGAGE position performs unexpectedly, JAIZ BANK 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 JAIZ BANK will offset losses from the drop in JAIZ BANK's long position.| LIVINGTRUST MORTGAGE vs. INDUSTRIAL MEDICAL GASES | LIVINGTRUST MORTGAGE vs. FIDELITY BANK PLC | LIVINGTRUST MORTGAGE vs. CONSOLIDATED HALLMARK INSURANCE | LIVINGTRUST MORTGAGE vs. AXAMANSARD INSURANCE PLC |
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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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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