Correlation Between Lollands Bank and Nordea Invest
Specify exactly 2 symbols:
By analyzing existing cross correlation between Lollands Bank and Nordea Invest Aktier, you can compare the effects of market volatilities on Lollands Bank and Nordea Invest 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 Lollands Bank with a short position of Nordea Invest. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lollands Bank and Nordea Invest.
Diversification Opportunities for Lollands Bank and Nordea Invest
0.12 | Correlation Coefficient |
Average diversification
The 3 months correlation between Lollands and Nordea is 0.12. Overlapping area represents the amount of risk that can be diversified away by holding Lollands Bank and Nordea Invest Aktier in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Nordea Invest Aktier and Lollands Bank 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 Lollands Bank are associated (or correlated) with Nordea Invest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Nordea Invest Aktier has no effect on the direction of Lollands Bank i.e., Lollands Bank and Nordea Invest go up and down completely randomly.
Pair Corralation between Lollands Bank and Nordea Invest
Assuming the 90 days trading horizon Lollands Bank is expected to generate 2.42 times more return on investment than Nordea Invest. However, Lollands Bank is 2.42 times more volatile than Nordea Invest Aktier. It trades about 0.14 of its potential returns per unit of risk. Nordea Invest Aktier is currently generating about -0.15 per unit of risk. If you would invest 55,500 in Lollands Bank on September 25, 2024 and sell it today you would earn a total of 2,500 from holding Lollands Bank or generate 4.5% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 85.71% |
| Values | Daily Returns |
Lollands Bank vs. Nordea Invest Aktier
Performance |
| Timeline |
| Lollands Bank |
| Nordea Invest Aktier |
Lollands Bank and Nordea Invest Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Lollands Bank and Nordea Invest
The main advantage of trading using opposite Lollands Bank and Nordea Invest positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Lollands Bank position performs unexpectedly, Nordea Invest 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 Nordea Invest will offset losses from the drop in Nordea Invest's long position.| Lollands Bank vs. Novo Nordisk AS | Lollands Bank vs. Scandinavian Tobacco Group | Lollands Bank vs. ISS AS | Lollands Bank vs. FLSmidth Co |
| Nordea Invest vs. Hvidbjerg Bank | Nordea Invest vs. Lollands Bank | Nordea Invest vs. Embla Medical hf | Nordea Invest vs. Alefarm Brewing AS |
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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Other Complementary Tools
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |