Correlation Between Logismos Information and Attica Publications
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By analyzing existing cross correlation between Logismos Information Systems and Attica Publications SA, you can compare the effects of market volatilities on Logismos Information and Attica Publications 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 Logismos Information with a short position of Attica Publications. Check out your portfolio center. Please also check ongoing floating volatility patterns of Logismos Information and Attica Publications.
Diversification Opportunities for Logismos Information and Attica Publications
-0.55 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Logismos and Attica is -0.55. Overlapping area represents the amount of risk that can be diversified away by holding Logismos Information Systems and Attica Publications SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Attica Publications and Logismos Information 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 Logismos Information Systems are associated (or correlated) with Attica Publications. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Attica Publications has no effect on the direction of Logismos Information i.e., Logismos Information and Attica Publications go up and down completely randomly.
Pair Corralation between Logismos Information and Attica Publications
Assuming the 90 days trading horizon Logismos Information is expected to generate 19.21 times less return on investment than Attica Publications. But when comparing it to its historical volatility, Logismos Information Systems is 2.95 times less risky than Attica Publications. It trades about 0.02 of its potential returns per unit of risk. Attica Publications SA is currently generating about 0.1 of returns per unit of risk over similar time horizon. If you would invest 36.00 in Attica Publications SA on September 12, 2024 and sell it today you would earn a total of 7.00 from holding Attica Publications SA or generate 19.44% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 98.44% |
| Values | Daily Returns |
Logismos Information Systems vs. Attica Publications SA
Performance |
| Timeline |
| Logismos Information |
| Attica Publications |
Logismos Information and Attica Publications Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Logismos Information and Attica Publications
The main advantage of trading using opposite Logismos Information and Attica Publications positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Logismos Information position performs unexpectedly, Attica Publications 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 Attica Publications will offset losses from the drop in Attica Publications' long position.| Logismos Information vs. National Bank of | Logismos Information vs. Lampsa Hellenic Hotels | Logismos Information vs. Eurobank Ergasias Services | Logismos Information vs. Alpha Trust Mutual |
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 Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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