Correlation Between HOLBERG LIKVIDITET and KLP KREDITTOBLIGASJO
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By analyzing existing cross correlation between HOLBERG LIKVIDITET and KLP KREDITTOBLIGASJON, you can compare the effects of market volatilities on HOLBERG LIKVIDITET and KLP KREDITTOBLIGASJO 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 HOLBERG LIKVIDITET with a short position of KLP KREDITTOBLIGASJO. Check out your portfolio center. Please also check ongoing floating volatility patterns of HOLBERG LIKVIDITET and KLP KREDITTOBLIGASJO.
Diversification Opportunities for HOLBERG LIKVIDITET and KLP KREDITTOBLIGASJO
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between HOLBERG and KLP is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding HOLBERG LIKVIDITET and KLP KREDITTOBLIGASJON in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KLP KREDITTOBLIGASJON and HOLBERG LIKVIDITET 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 HOLBERG LIKVIDITET are associated (or correlated) with KLP KREDITTOBLIGASJO. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KLP KREDITTOBLIGASJON has no effect on the direction of HOLBERG LIKVIDITET i.e., HOLBERG LIKVIDITET and KLP KREDITTOBLIGASJO go up and down completely randomly.
Pair Corralation between HOLBERG LIKVIDITET and KLP KREDITTOBLIGASJO
If you would invest (100.00) in KLP KREDITTOBLIGASJON on August 28, 2024 and sell it today you would earn a total of 100.00 from holding KLP KREDITTOBLIGASJON or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
HOLBERG LIKVIDITET vs. KLP KREDITTOBLIGASJON
Performance |
| Timeline |
| HOLBERG LIKVIDITET |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| KLP KREDITTOBLIGASJON |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
HOLBERG LIKVIDITET and KLP KREDITTOBLIGASJO Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with HOLBERG LIKVIDITET and KLP KREDITTOBLIGASJO
The main advantage of trading using opposite HOLBERG LIKVIDITET and KLP KREDITTOBLIGASJO positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if HOLBERG LIKVIDITET position performs unexpectedly, KLP KREDITTOBLIGASJO 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 KLP KREDITTOBLIGASJO will offset losses from the drop in KLP KREDITTOBLIGASJO's long position.| HOLBERG LIKVIDITET vs. DNB NOR KAPFORV | HOLBERG LIKVIDITET vs. SKAGEN AVKASTNING | HOLBERG LIKVIDITET vs. ARCTIC HIGH RETURN | HOLBERG LIKVIDITET vs. ODIN NORSK OBLIGASJON |
| KLP KREDITTOBLIGASJO vs. DNB NOR KAPFORV | KLP KREDITTOBLIGASJO vs. SKAGEN AVKASTNING | KLP KREDITTOBLIGASJO vs. ARCTIC HIGH RETURN |
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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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