Correlation Between Marfin Investment and Logismos Information
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By analyzing existing cross correlation between Marfin Investment Group and Logismos Information Systems, you can compare the effects of market volatilities on Marfin Investment and Logismos Information 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 Marfin Investment with a short position of Logismos Information. Check out your portfolio center. Please also check ongoing floating volatility patterns of Marfin Investment and Logismos Information.
Diversification Opportunities for Marfin Investment and Logismos Information
0.77 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Marfin and Logismos is 0.77. Overlapping area represents the amount of risk that can be diversified away by holding Marfin Investment Group and Logismos Information Systems in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Logismos Information and Marfin Investment 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 Marfin Investment Group are associated (or correlated) with Logismos Information. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Logismos Information has no effect on the direction of Marfin Investment i.e., Marfin Investment and Logismos Information go up and down completely randomly.
Pair Corralation between Marfin Investment and Logismos Information
Assuming the 90 days trading horizon Marfin Investment Group is expected to under-perform the Logismos Information. In addition to that, Marfin Investment is 2.37 times more volatile than Logismos Information Systems. It trades about -0.1 of its total potential returns per unit of risk. Logismos Information Systems is currently generating about -0.05 per unit of volatility. If you would invest 127.00 in Logismos Information Systems on August 30, 2024 and sell it today you would lose (2.00) from holding Logismos Information Systems or give up 1.57% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Marfin Investment Group vs. Logismos Information Systems
Performance |
| Timeline |
| Marfin Investment |
| Logismos Information |
Marfin Investment and Logismos Information Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Marfin Investment and Logismos Information
The main advantage of trading using opposite Marfin Investment and Logismos Information positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Marfin Investment position performs unexpectedly, Logismos Information 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 Logismos Information will offset losses from the drop in Logismos Information's long position.| Marfin Investment vs. National Bank of | Marfin Investment vs. EL D Mouzakis | Marfin Investment vs. Lampsa Hellenic Hotels | Marfin Investment vs. Eurobank Ergasias Services |
| Logismos Information vs. Space Hellas SA | Logismos Information vs. Ilyda SA | Logismos Information vs. National Bank of | Logismos Information vs. N Leventeris 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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