Correlation Between Logismos Information and Intertech
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By analyzing existing cross correlation between Logismos Information Systems and Intertech SA Inter, you can compare the effects of market volatilities on Logismos Information and Intertech 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 Intertech. Check out your portfolio center. Please also check ongoing floating volatility patterns of Logismos Information and Intertech.
Diversification Opportunities for Logismos Information and Intertech
0.86 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Logismos and Intertech is 0.86. Overlapping area represents the amount of risk that can be diversified away by holding Logismos Information Systems and Intertech SA Inter in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intertech SA Inter 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 Intertech. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intertech SA Inter has no effect on the direction of Logismos Information i.e., Logismos Information and Intertech go up and down completely randomly.
Pair Corralation between Logismos Information and Intertech
Assuming the 90 days trading horizon Logismos Information Systems is expected to generate 0.44 times more return on investment than Intertech. However, Logismos Information Systems is 2.29 times less risky than Intertech. It trades about -0.05 of its potential returns per unit of risk. Intertech SA Inter is currently generating about -0.16 per unit of risk. If you would invest 127.00 in Logismos Information Systems on August 30, 2024 and sell it today you would lose (2.00) from holding Logismos Information Systems or give up 1.57% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Logismos Information Systems vs. Intertech SA Inter
Performance |
| Timeline |
| Logismos Information |
| Intertech SA Inter |
Logismos Information and Intertech Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Logismos Information and Intertech
The main advantage of trading using opposite Logismos Information and Intertech positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Logismos Information position performs unexpectedly, Intertech 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 Intertech will offset losses from the drop in Intertech's long position.| Logismos Information vs. National Bank of | Logismos Information vs. N Leventeris SA | Logismos Information vs. Eurobank Ergasias Services | Logismos Information vs. Vogiatzoglou Systems SA |
| Intertech vs. Intracom Holdings SA | Intertech vs. Public Power | Intertech vs. Hellenic Petroleum SA | Intertech vs. National Bank of |
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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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