Correlation Between AP Mller and Investin Optimal
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By analyzing existing cross correlation between AP Mller and Investin Optimal Stabil, you can compare the effects of market volatilities on AP Mller and Investin Optimal 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 Investin Optimal. Check out your portfolio center. Please also check ongoing floating volatility patterns of AP Mller and Investin Optimal.
Diversification Opportunities for AP Mller and Investin Optimal
0.71 | Correlation Coefficient |
Poor diversification
The 3 months correlation between MAERSK-A and Investin is 0.71. Overlapping area represents the amount of risk that can be diversified away by holding AP Mller and Investin Optimal Stabil in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Investin Optimal Stabil 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 Investin Optimal. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Investin Optimal Stabil has no effect on the direction of AP Mller i.e., AP Mller and Investin Optimal go up and down completely randomly.
Pair Corralation between AP Mller and Investin Optimal
Assuming the 90 days trading horizon AP Mller is expected to under-perform the Investin Optimal. In addition to that, AP Mller is 11.91 times more volatile than Investin Optimal Stabil. It trades about -0.09 of its total potential returns per unit of risk. Investin Optimal Stabil is currently generating about 0.37 per unit of volatility. If you would invest 14,703 in Investin Optimal Stabil on September 20, 2024 and sell it today you would earn a total of 214.00 from holding Investin Optimal Stabil or generate 1.46% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 95.65% |
| Values | Daily Returns |
AP Mller vs. Investin Optimal Stabil
Performance |
| Timeline |
| AP Mller |
| Investin Optimal Stabil |
AP Mller and Investin Optimal Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with AP Mller and Investin Optimal
The main advantage of trading using opposite AP Mller and Investin Optimal positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AP Mller position performs unexpectedly, Investin Optimal 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 Investin Optimal will offset losses from the drop in Investin Optimal'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 |
| Investin Optimal vs. Vestjysk Bank AS | Investin Optimal vs. Laan Spar Bank | Investin Optimal vs. PARKEN Sport Entertainment | Investin Optimal vs. Kreditbanken 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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