Correlation Between Postal Savings and Postal Savings
Can any of the company-specific risk be diversified away by investing in both Postal Savings and Postal Savings 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 Postal Savings and Postal Savings into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Postal Savings Bank and Postal Savings Bank, you can compare the effects of market volatilities on Postal Savings and Postal Savings 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 Postal Savings with a short position of Postal Savings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Postal Savings and Postal Savings.
Diversification Opportunities for Postal Savings and Postal Savings
0.11 | Correlation Coefficient |
Average diversification
The 3 months correlation between Postal and Postal is 0.11. Overlapping area represents the amount of risk that can be diversified away by holding Postal Savings Bank and Postal Savings Bank in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Postal Savings Bank and Postal Savings 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 Postal Savings Bank are associated (or correlated) with Postal Savings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Postal Savings Bank has no effect on the direction of Postal Savings i.e., Postal Savings and Postal Savings go up and down completely randomly.
Pair Corralation between Postal Savings and Postal Savings
If you would invest 1,210 in Postal Savings Bank on November 28, 2024 and sell it today you would earn a total of 73.00 from holding Postal Savings Bank or generate 6.03% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 91.3% |
| Values | Daily Returns |
Postal Savings Bank vs. Postal Savings Bank
Performance |
| Timeline |
| Postal Savings Bank |
| Postal Savings Bank |
Postal Savings and Postal Savings Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Postal Savings and Postal Savings
The main advantage of trading using opposite Postal Savings and Postal Savings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Postal Savings position performs unexpectedly, Postal Savings 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 Postal Savings will offset losses from the drop in Postal Savings' long position.| Postal Savings vs. China Merchants Bank | Postal Savings vs. China Merchants Bank | Postal Savings vs. Community West Bancshares | Postal Savings vs. China Everbright Bank |
| Postal Savings vs. Postal Savings Bank | Postal Savings vs. China Everbright Bank | Postal Savings vs. China Merchants Bank | Postal Savings vs. China Citic Bank |
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 Managers module to screen money managers from public funds and ETFs managed around the world.
Other Complementary Tools
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |