Correlation Between PSP Swiss and Zueblin Immobilien
Can any of the company-specific risk be diversified away by investing in both PSP Swiss and Zueblin Immobilien 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 PSP Swiss and Zueblin Immobilien into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between PSP Swiss Property and Zueblin Immobilien Holding, you can compare the effects of market volatilities on PSP Swiss and Zueblin Immobilien 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 PSP Swiss with a short position of Zueblin Immobilien. Check out your portfolio center. Please also check ongoing floating volatility patterns of PSP Swiss and Zueblin Immobilien.
Diversification Opportunities for PSP Swiss and Zueblin Immobilien
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between PSP and Zueblin is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding PSP Swiss Property and Zueblin Immobilien Holding in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Zueblin Immobilien and PSP Swiss 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 PSP Swiss Property are associated (or correlated) with Zueblin Immobilien. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Zueblin Immobilien has no effect on the direction of PSP Swiss i.e., PSP Swiss and Zueblin Immobilien go up and down completely randomly.
Pair Corralation between PSP Swiss and Zueblin Immobilien
If you would invest 13,130 in PSP Swiss Property on November 10, 2024 and sell it today you would earn a total of 480.00 from holding PSP Swiss Property or generate 3.66% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
PSP Swiss Property vs. Zueblin Immobilien Holding
Performance |
| Timeline |
| PSP Swiss Property |
| Zueblin Immobilien |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
PSP Swiss and Zueblin Immobilien Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with PSP Swiss and Zueblin Immobilien
The main advantage of trading using opposite PSP Swiss and Zueblin Immobilien positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if PSP Swiss position performs unexpectedly, Zueblin Immobilien 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 Zueblin Immobilien will offset losses from the drop in Zueblin Immobilien's long position.| PSP Swiss vs. Swiss Prime Site | PSP Swiss vs. Allreal Holding | PSP Swiss vs. Mobimo Hldg | PSP Swiss vs. Helvetia Holding AG |
| Zueblin Immobilien vs. Allreal Holding | Zueblin Immobilien vs. Mobimo Hldg | Zueblin Immobilien vs. PSP Swiss Property | Zueblin Immobilien vs. Swiss Prime Site |
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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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