Correlation Between Patria Bank and Infinity Capital
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By analyzing existing cross correlation between Patria Bank SA and Infinity Capital Investments, you can compare the effects of market volatilities on Patria Bank and Infinity Capital 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 Patria Bank with a short position of Infinity Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Patria Bank and Infinity Capital.
Diversification Opportunities for Patria Bank and Infinity Capital
0.54 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Patria and Infinity is 0.54. Overlapping area represents the amount of risk that can be diversified away by holding Patria Bank SA and Infinity Capital Investments in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Infinity Capital Inv and Patria Bank 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 Patria Bank SA are associated (or correlated) with Infinity Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Infinity Capital Inv has no effect on the direction of Patria Bank i.e., Patria Bank and Infinity Capital go up and down completely randomly.
Pair Corralation between Patria Bank and Infinity Capital
Assuming the 90 days trading horizon Patria Bank is expected to generate 92.0 times less return on investment than Infinity Capital. In addition to that, Patria Bank is 1.59 times more volatile than Infinity Capital Investments. It trades about 0.0 of its total potential returns per unit of risk. Infinity Capital Investments is currently generating about 0.06 per unit of volatility. If you would invest 178.00 in Infinity Capital Investments on August 25, 2024 and sell it today you would earn a total of 70.00 from holding Infinity Capital Investments or generate 39.33% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 94.95% |
| Values | Daily Returns |
Patria Bank SA vs. Infinity Capital Investments
Performance |
| Timeline |
| Patria Bank SA |
| Infinity Capital Inv |
Patria Bank and Infinity Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Patria Bank and Infinity Capital
The main advantage of trading using opposite Patria Bank and Infinity Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Patria Bank position performs unexpectedly, Infinity Capital 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 Infinity Capital will offset losses from the drop in Infinity Capital's long position.| Patria Bank vs. TRANSILVANIA INVESTMENTS ALLIANCE | Patria Bank vs. Infinity Capital Investments | Patria Bank vs. Safetech Innovations SA | Patria Bank vs. Compania Hoteliera InterContinental |
| Infinity Capital vs. Digi Communications NV | Infinity Capital vs. AROBS TRANSILVANIA SOFTWARE | Infinity Capital vs. TRANSILVANIA LEASING SI | Infinity Capital vs. Safetech Innovations 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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