Correlation Between Logismos Information and Lampsa Hellenic
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By analyzing existing cross correlation between Logismos Information Systems and Lampsa Hellenic Hotels, you can compare the effects of market volatilities on Logismos Information and Lampsa Hellenic 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 Lampsa Hellenic. Check out your portfolio center. Please also check ongoing floating volatility patterns of Logismos Information and Lampsa Hellenic.
Diversification Opportunities for Logismos Information and Lampsa Hellenic
0.34 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Logismos and Lampsa is 0.34. Overlapping area represents the amount of risk that can be diversified away by holding Logismos Information Systems and Lampsa Hellenic Hotels in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Lampsa Hellenic Hotels 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 Lampsa Hellenic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Lampsa Hellenic Hotels has no effect on the direction of Logismos Information i.e., Logismos Information and Lampsa Hellenic go up and down completely randomly.
Pair Corralation between Logismos Information and Lampsa Hellenic
Assuming the 90 days trading horizon Logismos Information Systems is expected to under-perform the Lampsa Hellenic. In addition to that, Logismos Information is 1.27 times more volatile than Lampsa Hellenic Hotels. It trades about -0.07 of its total potential returns per unit of risk. Lampsa Hellenic Hotels is currently generating about 0.03 per unit of volatility. If you would invest 3,640 in Lampsa Hellenic Hotels on August 27, 2024 and sell it today you would earn a total of 100.00 from holding Lampsa Hellenic Hotels or generate 2.75% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 99.21% |
| Values | Daily Returns |
Logismos Information Systems vs. Lampsa Hellenic Hotels
Performance |
| Timeline |
| Logismos Information |
| Lampsa Hellenic Hotels |
Logismos Information and Lampsa Hellenic Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Logismos Information and Lampsa Hellenic
The main advantage of trading using opposite Logismos Information and Lampsa Hellenic positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Logismos Information position performs unexpectedly, Lampsa Hellenic 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 Lampsa Hellenic will offset losses from the drop in Lampsa Hellenic's long position.| Logismos Information vs. National Bank of | Logismos Information vs. EL D Mouzakis | Logismos Information vs. Lampsa Hellenic Hotels | Logismos Information vs. Eurobank Ergasias Services |
| Lampsa Hellenic vs. National Bank of | Lampsa Hellenic vs. N Leventeris SA | Lampsa Hellenic vs. Eurobank Ergasias Services | Lampsa Hellenic vs. Vogiatzoglou Systems SA |
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 Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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