Correlation Between AG Mortgage and 25160PAE7
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By analyzing existing cross correlation between AG Mortgage Investment and DEUTSCHE BK AG, you can compare the effects of market volatilities on AG Mortgage and 25160PAE7 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 AG Mortgage with a short position of 25160PAE7. Check out your portfolio center. Please also check ongoing floating volatility patterns of AG Mortgage and 25160PAE7.
Diversification Opportunities for AG Mortgage and 25160PAE7
-0.56 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between MITP and 25160PAE7 is -0.56. Overlapping area represents the amount of risk that can be diversified away by holding AG Mortgage Investment and DEUTSCHE BK AG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on DEUTSCHE BK AG and AG Mortgage 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 AG Mortgage Investment are associated (or correlated) with 25160PAE7. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DEUTSCHE BK AG has no effect on the direction of AG Mortgage i.e., AG Mortgage and 25160PAE7 go up and down completely randomly.
Pair Corralation between AG Mortgage and 25160PAE7
Given the investment horizon of 90 days AG Mortgage Investment is expected to generate 0.44 times more return on investment than 25160PAE7. However, AG Mortgage Investment is 2.29 times less risky than 25160PAE7. It trades about 0.18 of its potential returns per unit of risk. DEUTSCHE BK AG is currently generating about -0.13 per unit of risk. If you would invest 2,494 in AG Mortgage Investment on October 28, 2024 and sell it today you would earn a total of 50.00 from holding AG Mortgage Investment or generate 2.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 64.1% |
| Values | Daily Returns |
AG Mortgage Investment vs. DEUTSCHE BK AG
Performance |
| Timeline |
| AG Mortgage Investment |
| DEUTSCHE BK AG |
AG Mortgage and 25160PAE7 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with AG Mortgage and 25160PAE7
The main advantage of trading using opposite AG Mortgage and 25160PAE7 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AG Mortgage position performs unexpectedly, 25160PAE7 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 25160PAE7 will offset losses from the drop in 25160PAE7's long position.| AG Mortgage vs. Delta Air Lines | AG Mortgage vs. Air Transport Services | AG Mortgage vs. National CineMedia | AG Mortgage vs. LATAM Airlines Group |
| 25160PAE7 vs. Kuya Silver | 25160PAE7 vs. Freedom Holding Corp | 25160PAE7 vs. Hudson Acquisition I | 25160PAE7 vs. Vindicator Silver Lead Mining |
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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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