Correlation Between AP Mller and DKINMAKK
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By analyzing existing cross correlation between AP Mller and Investeringsforeningen Danske Invest, you can compare the effects of market volatilities on AP Mller and DKINMAKK 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 AP Mller with a short position of DKINMAKK. Check out your portfolio center. Please also check ongoing floating volatility patterns of AP Mller and DKINMAKK.
Diversification Opportunities for AP Mller and DKINMAKK
Pay attention - limited upside
The 3 months correlation between MAERSK-A and DKINMAKK is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding AP Mller and Investeringsforeningen Danske in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Investeringsforeningen and AP Mller 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 AP Mller are associated (or correlated) with DKINMAKK. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Investeringsforeningen has no effect on the direction of AP Mller i.e., AP Mller and DKINMAKK go up and down completely randomly.
Pair Corralation between AP Mller and DKINMAKK
If you would invest 1,045,000 in AP Mller on September 13, 2024 and sell it today you would earn a total of 108,000 from holding AP Mller or generate 10.33% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
AP Mller vs. Investeringsforeningen Danske
Performance |
| Timeline |
| AP Mller |
| Investeringsforeningen |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Good
AP Mller and DKINMAKK Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with AP Mller and DKINMAKK
The main advantage of trading using opposite AP Mller and DKINMAKK positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AP Mller position performs unexpectedly, DKINMAKK 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 DKINMAKK will offset losses from the drop in DKINMAKK's long position.| AP Mller vs. AP Mller | AP Mller vs. DSV Panalpina AS | AP Mller vs. Danske Bank AS | AP Mller vs. FLSmidth Co |
| DKINMAKK vs. Jyske Bank AS | DKINMAKK vs. Scandinavian Medical Solutions | DKINMAKK vs. Hvidbjerg Bank | DKINMAKK vs. Vestjysk Bank 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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