Correlation Between Performance Technologies and Trastor Real
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By analyzing existing cross correlation between Performance Technologies SA and Trastor Real Estate, you can compare the effects of market volatilities on Performance Technologies and Trastor Real 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 Performance Technologies with a short position of Trastor Real. Check out your portfolio center. Please also check ongoing floating volatility patterns of Performance Technologies and Trastor Real.
Diversification Opportunities for Performance Technologies and Trastor Real
0.59 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Performance and Trastor is 0.59. Overlapping area represents the amount of risk that can be diversified away by holding Performance Technologies SA and Trastor Real Estate in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Trastor Real Estate and Performance Technologies 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 Performance Technologies SA are associated (or correlated) with Trastor Real. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Trastor Real Estate has no effect on the direction of Performance Technologies i.e., Performance Technologies and Trastor Real go up and down completely randomly.
Pair Corralation between Performance Technologies and Trastor Real
Assuming the 90 days trading horizon Performance Technologies SA is expected to generate 0.71 times more return on investment than Trastor Real. However, Performance Technologies SA is 1.41 times less risky than Trastor Real. It trades about 0.03 of its potential returns per unit of risk. Trastor Real Estate is currently generating about 0.02 per unit of risk. If you would invest 450.00 in Performance Technologies SA on August 31, 2024 and sell it today you would earn a total of 84.00 from holding Performance Technologies SA or generate 18.67% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 99.73% |
| Values | Daily Returns |
Performance Technologies SA vs. Trastor Real Estate
Performance |
| Timeline |
| Performance Technologies |
| Trastor Real Estate |
Performance Technologies and Trastor Real Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Performance Technologies and Trastor Real
The main advantage of trading using opposite Performance Technologies and Trastor Real positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Performance Technologies position performs unexpectedly, Trastor Real 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 Trastor Real will offset losses from the drop in Trastor Real's long position.| Performance Technologies vs. Quest Holdings SA | Performance Technologies vs. CPI Computer Peripherals | Performance Technologies vs. National Bank of | Performance Technologies vs. EL D Mouzakis |
| Trastor Real vs. Athens Medical CSA | Trastor Real vs. As Commercial Industrial | Trastor Real vs. Profile Systems Software | Trastor Real vs. Marfin Investment Group |
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 CEOs Directory module to screen CEOs from public companies around the world.
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