Correlation Between Life Time and Aegon NV
Can any of the company-specific risk be diversified away by investing in both Life Time and Aegon NV at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Life Time and Aegon NV into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Life Time Group and Aegon NV PERP, you can compare the effects of market volatilities on Life Time and Aegon NV 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 Life Time with a short position of Aegon NV. Check out your portfolio center. Please also check ongoing floating volatility patterns of Life Time and Aegon NV.
Diversification Opportunities for Life Time and Aegon NV
Pay attention - limited upside
The 3 months correlation between Life and Aegon is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Life Time Group and Aegon NV PERP in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Aegon NV PERP and Life Time 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 Life Time Group are associated (or correlated) with Aegon NV. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Aegon NV PERP has no effect on the direction of Life Time i.e., Life Time and Aegon NV go up and down completely randomly.
Pair Corralation between Life Time and Aegon NV
If you would invest (100.00) in Aegon NV PERP on September 14, 2024 and sell it today you would earn a total of 100.00 from holding Aegon NV PERP or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Life Time Group vs. Aegon NV PERP
Performance |
| Timeline |
| Life Time Group |
| Aegon NV PERP |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Life Time and Aegon NV Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Life Time and Aegon NV
The main advantage of trading using opposite Life Time and Aegon NV positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Life Time position performs unexpectedly, Aegon NV 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 Aegon NV will offset losses from the drop in Aegon NV's long position.| Life Time vs. Bowlero Corp | Life Time vs. Planet Fitness | Life Time vs. JAKKS Pacific | Life Time vs. Xponential Fitness |
| Aegon NV vs. Life Time Group | Aegon NV vs. Academy Sports Outdoors | Aegon NV vs. MGIC Investment Corp | Aegon NV vs. Emerson Radio |
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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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