Correlation Between MAROC LEASING and ATTIJARIWAFA BANK
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By analyzing existing cross correlation between MAROC LEASING and ATTIJARIWAFA BANK, you can compare the effects of market volatilities on MAROC LEASING and ATTIJARIWAFA BANK 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 MAROC LEASING with a short position of ATTIJARIWAFA BANK. Check out your portfolio center. Please also check ongoing floating volatility patterns of MAROC LEASING and ATTIJARIWAFA BANK.
Diversification Opportunities for MAROC LEASING and ATTIJARIWAFA BANK
-0.3 | Correlation Coefficient |
Very good diversification
The 3 months correlation between MAROC and ATTIJARIWAFA is -0.3. Overlapping area represents the amount of risk that can be diversified away by holding MAROC LEASING and ATTIJARIWAFA BANK in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ATTIJARIWAFA BANK and MAROC LEASING 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 MAROC LEASING are associated (or correlated) with ATTIJARIWAFA BANK. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ATTIJARIWAFA BANK has no effect on the direction of MAROC LEASING i.e., MAROC LEASING and ATTIJARIWAFA BANK go up and down completely randomly.
Pair Corralation between MAROC LEASING and ATTIJARIWAFA BANK
Assuming the 90 days trading horizon MAROC LEASING is expected to generate 4.73 times less return on investment than ATTIJARIWAFA BANK. In addition to that, MAROC LEASING is 1.41 times more volatile than ATTIJARIWAFA BANK. It trades about 0.01 of its total potential returns per unit of risk. ATTIJARIWAFA BANK is currently generating about 0.09 per unit of volatility. If you would invest 43,900 in ATTIJARIWAFA BANK on February 8, 2025 and sell it today you would earn a total of 23,100 from holding ATTIJARIWAFA BANK or generate 52.62% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 99.57% |
| Values | Daily Returns |
MAROC LEASING vs. ATTIJARIWAFA BANK
Performance |
| Timeline |
| MAROC LEASING |
| ATTIJARIWAFA BANK |
MAROC LEASING and ATTIJARIWAFA BANK Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with MAROC LEASING and ATTIJARIWAFA BANK
The main advantage of trading using opposite MAROC LEASING and ATTIJARIWAFA BANK positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if MAROC LEASING position performs unexpectedly, ATTIJARIWAFA BANK 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 ATTIJARIWAFA BANK will offset losses from the drop in ATTIJARIWAFA BANK's long position.| MAROC LEASING vs. MICRODATA | MAROC LEASING vs. CREDIT IMMOBILIER ET | MAROC LEASING vs. ATTIJARIWAFA BANK | MAROC LEASING vs. CFG BANK |
| ATTIJARIWAFA BANK vs. CREDIT IMMOBILIER ET | ATTIJARIWAFA BANK vs. MAROC LEASING | ATTIJARIWAFA BANK vs. MICRODATA | ATTIJARIWAFA BANK vs. HIGHTECH PAYMENT SYSTEMS |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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