Correlation Between Romcab SA and Infinity Capital
Specify exactly 2 symbols:
By analyzing existing cross correlation between Romcab SA and Infinity Capital Investments, you can compare the effects of market volatilities on Romcab SA and Infinity Capital 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 Romcab SA with a short position of Infinity Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Romcab SA and Infinity Capital.
Diversification Opportunities for Romcab SA and Infinity Capital
-0.6 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Romcab and Infinity is -0.6. Overlapping area represents the amount of risk that can be diversified away by holding Romcab SA and Infinity Capital Investments in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Infinity Capital Inv and Romcab SA 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 Romcab SA are associated (or correlated) with Infinity Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Infinity Capital Inv has no effect on the direction of Romcab SA i.e., Romcab SA and Infinity Capital go up and down completely randomly.
Pair Corralation between Romcab SA and Infinity Capital
Assuming the 90 days trading horizon Romcab SA is expected to under-perform the Infinity Capital. In addition to that, Romcab SA is 3.85 times more volatile than Infinity Capital Investments. It trades about -0.06 of its total potential returns per unit of risk. Infinity Capital Investments is currently generating about 0.06 per unit of volatility. If you would invest 178.00 in Infinity Capital Investments on August 26, 2024 and sell it today you would earn a total of 70.00 from holding Infinity Capital Investments or generate 39.33% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 97.58% |
| Values | Daily Returns |
Romcab SA vs. Infinity Capital Investments
Performance |
| Timeline |
| Romcab SA |
| Infinity Capital Inv |
Romcab SA and Infinity Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Romcab SA and Infinity Capital
The main advantage of trading using opposite Romcab SA and Infinity Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Romcab SA position performs unexpectedly, Infinity Capital 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 Infinity Capital will offset losses from the drop in Infinity Capital's long position.| Romcab SA vs. Infinity Capital Investments | Romcab SA vs. Patria Bank SA | Romcab SA vs. IM Vinaria Purcari | Romcab SA vs. AROBS TRANSILVANIA SOFTWARE |
| Infinity Capital vs. Digi Communications NV | Infinity Capital vs. AROBS TRANSILVANIA SOFTWARE | Infinity Capital vs. TRANSILVANIA LEASING SI | Infinity Capital vs. Safetech Innovations SA |
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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Other Complementary Tools
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |