Correlation Between Maj Invest and Sparinv SICAV
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By analyzing existing cross correlation between Maj Invest Emerging and Sparinv SICAV, you can compare the effects of market volatilities on Maj Invest and Sparinv SICAV 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 Maj Invest with a short position of Sparinv SICAV. Check out your portfolio center. Please also check ongoing floating volatility patterns of Maj Invest and Sparinv SICAV.
Diversification Opportunities for Maj Invest and Sparinv SICAV
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Maj and Sparinv is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Maj Invest Emerging and Sparinv SICAV in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sparinv SICAV and Maj Invest 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 Maj Invest Emerging are associated (or correlated) with Sparinv SICAV. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sparinv SICAV has no effect on the direction of Maj Invest i.e., Maj Invest and Sparinv SICAV go up and down completely randomly.
Pair Corralation between Maj Invest and Sparinv SICAV
If you would invest 10,415 in Maj Invest Emerging on September 4, 2024 and sell it today you would earn a total of 1,315 from holding Maj Invest Emerging or generate 12.63% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Maj Invest Emerging vs. Sparinv SICAV
Performance |
| Timeline |
| Maj Invest Emerging |
| Sparinv SICAV |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Maj Invest and Sparinv SICAV Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Maj Invest and Sparinv SICAV
The main advantage of trading using opposite Maj Invest and Sparinv SICAV positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Maj Invest position performs unexpectedly, Sparinv SICAV 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 Sparinv SICAV will offset losses from the drop in Sparinv SICAV's long position.| Maj Invest vs. Bavarian Nordic | Maj Invest vs. Investeringsselskabet Luxor AS | Maj Invest vs. cBrain AS | Maj Invest vs. Fast Ejendom |
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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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