Correlation Between Mobimo Hldg and Investis Holding
Can any of the company-specific risk be diversified away by investing in both Mobimo Hldg and Investis Holding at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Mobimo Hldg and Investis Holding into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Mobimo Hldg and Investis Holding SA, you can compare the effects of market volatilities on Mobimo Hldg and Investis Holding 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 Mobimo Hldg with a short position of Investis Holding. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mobimo Hldg and Investis Holding.
Diversification Opportunities for Mobimo Hldg and Investis Holding
0.16 | Correlation Coefficient |
Average diversification
The 3 months correlation between Mobimo and Investis is 0.16. Overlapping area represents the amount of risk that can be diversified away by holding Mobimo Hldg and Investis Holding SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Investis Holding and Mobimo Hldg 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 Mobimo Hldg are associated (or correlated) with Investis Holding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Investis Holding has no effect on the direction of Mobimo Hldg i.e., Mobimo Hldg and Investis Holding go up and down completely randomly.
Pair Corralation between Mobimo Hldg and Investis Holding
Assuming the 90 days trading horizon Mobimo Hldg is expected to generate 1.7 times more return on investment than Investis Holding. However, Mobimo Hldg is 1.7 times more volatile than Investis Holding SA. It trades about 0.14 of its potential returns per unit of risk. Investis Holding SA is currently generating about -0.04 per unit of risk. If you would invest 29,300 in Mobimo Hldg on November 30, 2024 and sell it today you would earn a total of 1,500 from holding Mobimo Hldg or generate 5.12% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Mobimo Hldg vs. Investis Holding SA
Performance |
| Timeline |
| Mobimo Hldg |
| Investis Holding |
Mobimo Hldg and Investis Holding Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Mobimo Hldg and Investis Holding
The main advantage of trading using opposite Mobimo Hldg and Investis Holding positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mobimo Hldg position performs unexpectedly, Investis Holding 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 Investis Holding will offset losses from the drop in Investis Holding's long position.| Mobimo Hldg vs. PSP Swiss Property | Mobimo Hldg vs. Allreal Holding | Mobimo Hldg vs. Swiss Prime Site | Mobimo Hldg vs. Helvetia Holding AG |
| Investis Holding vs. Allreal Holding | Investis Holding vs. PSP Swiss Property | Investis Holding vs. Mobimo Hldg | Investis Holding vs. Swiss Prime Site |
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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Other Complementary Tools
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |