Correlation Between CoreShares Preference and Lighthouse Capital
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By analyzing existing cross correlation between CoreShares Preference Share and Lighthouse Capital, you can compare the effects of market volatilities on CoreShares Preference and Lighthouse 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 CoreShares Preference with a short position of Lighthouse Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of CoreShares Preference and Lighthouse Capital.
Diversification Opportunities for CoreShares Preference and Lighthouse Capital
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between CoreShares and Lighthouse is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding CoreShares Preference Share and Lighthouse Capital in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Lighthouse Capital and CoreShares Preference 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 CoreShares Preference Share are associated (or correlated) with Lighthouse Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Lighthouse Capital has no effect on the direction of CoreShares Preference i.e., CoreShares Preference and Lighthouse Capital go up and down completely randomly.
Pair Corralation between CoreShares Preference and Lighthouse Capital
If you would invest 98,500 in CoreShares Preference Share on September 2, 2024 and sell it today you would earn a total of 0.00 from holding CoreShares Preference Share or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 95.45% |
| Values | Daily Returns |
CoreShares Preference Share vs. Lighthouse Capital
Performance |
| Timeline |
| CoreShares Preference |
| Lighthouse Capital |
CoreShares Preference and Lighthouse Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CoreShares Preference and Lighthouse Capital
The main advantage of trading using opposite CoreShares Preference and Lighthouse Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CoreShares Preference position performs unexpectedly, Lighthouse 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 Lighthouse Capital will offset losses from the drop in Lighthouse Capital's long position.| CoreShares Preference vs. Europa Metals | CoreShares Preference vs. JSE Limited | CoreShares Preference vs. British American Tobacco | CoreShares Preference vs. Kap Industrial Holdings |
| Lighthouse Capital vs. Kap Industrial Holdings | Lighthouse Capital vs. Zeder Investments | Lighthouse Capital vs. Blue Label Telecoms | Lighthouse Capital vs. Standard Bank 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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