Correlation Between Maiden Holdings and 512807AT5
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By analyzing existing cross correlation between Maiden Holdings and LAM RESEARCH PORATION, you can compare the effects of market volatilities on Maiden Holdings and 512807AT5 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 Maiden Holdings with a short position of 512807AT5. Check out your portfolio center. Please also check ongoing floating volatility patterns of Maiden Holdings and 512807AT5.
Diversification Opportunities for Maiden Holdings and 512807AT5
-0.69 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Maiden and 512807AT5 is -0.69. Overlapping area represents the amount of risk that can be diversified away by holding Maiden Holdings and LAM RESEARCH PORATION in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LAM RESEARCH PORATION and Maiden Holdings 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 Maiden Holdings are associated (or correlated) with 512807AT5. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LAM RESEARCH PORATION has no effect on the direction of Maiden Holdings i.e., Maiden Holdings and 512807AT5 go up and down completely randomly.
Pair Corralation between Maiden Holdings and 512807AT5
Given the investment horizon of 90 days Maiden Holdings is expected to under-perform the 512807AT5. In addition to that, Maiden Holdings is 1.49 times more volatile than LAM RESEARCH PORATION. It trades about -0.21 of its total potential returns per unit of risk. LAM RESEARCH PORATION is currently generating about 0.19 per unit of volatility. If you would invest 9,366 in LAM RESEARCH PORATION on September 4, 2024 and sell it today you would earn a total of 258.00 from holding LAM RESEARCH PORATION or generate 2.75% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 76.19% |
| Values | Daily Returns |
Maiden Holdings vs. LAM RESEARCH PORATION
Performance |
| Timeline |
| Maiden Holdings |
| LAM RESEARCH PORATION |
Maiden Holdings and 512807AT5 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Maiden Holdings and 512807AT5
The main advantage of trading using opposite Maiden Holdings and 512807AT5 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Maiden Holdings position performs unexpectedly, 512807AT5 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 512807AT5 will offset losses from the drop in 512807AT5's long position.| Maiden Holdings vs. Maiden Holdings North | Maiden Holdings vs. Reinsurance Group of | Maiden Holdings vs. Entergy Arkansas LLC | Maiden Holdings vs. Entergy New Orleans |
| 512807AT5 vs. Cincinnati Financial | 512807AT5 vs. Vistra Energy Corp | 512807AT5 vs. The Hanover Insurance | 512807AT5 vs. Maiden Holdings |
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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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