Correlation Between Bank Mandiri and Infinite Acquisition
Can any of the company-specific risk be diversified away by investing in both Bank Mandiri and Infinite Acquisition 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 Bank Mandiri and Infinite Acquisition into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Bank Mandiri Persero and Infinite Acquisition Corp, you can compare the effects of market volatilities on Bank Mandiri and Infinite Acquisition 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 Bank Mandiri with a short position of Infinite Acquisition. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bank Mandiri and Infinite Acquisition.
Diversification Opportunities for Bank Mandiri and Infinite Acquisition
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Bank and Infinite is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Bank Mandiri Persero and Infinite Acquisition Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Infinite Acquisition Corp and Bank Mandiri 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 Bank Mandiri Persero are associated (or correlated) with Infinite Acquisition. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Infinite Acquisition Corp has no effect on the direction of Bank Mandiri i.e., Bank Mandiri and Infinite Acquisition go up and down completely randomly.
Pair Corralation between Bank Mandiri and Infinite Acquisition
If you would invest (100.00) in Infinite Acquisition Corp on November 29, 2024 and sell it today you would earn a total of 100.00 from holding Infinite Acquisition Corp or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Bank Mandiri Persero vs. Infinite Acquisition Corp
Performance |
| Timeline |
| Bank Mandiri Persero |
| Infinite Acquisition Corp |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Bank Mandiri and Infinite Acquisition Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Bank Mandiri and Infinite Acquisition
The main advantage of trading using opposite Bank Mandiri and Infinite Acquisition positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bank Mandiri position performs unexpectedly, Infinite Acquisition 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 Infinite Acquisition will offset losses from the drop in Infinite Acquisition's long position.| Bank Mandiri vs. HDFC Bank Limited | Bank Mandiri vs. China Merchants Bank | Bank Mandiri vs. China Merchants Bank | Bank Mandiri vs. Fifth Third Bancorp |
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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Other Complementary Tools
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance |