Correlation Between SBF 120 and Vastned Retail
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By analyzing existing cross correlation between SBF 120 Gross and Vastned Retail NV, you can compare the effects of market volatilities on SBF 120 and Vastned Retail 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 SBF 120 with a short position of Vastned Retail. Check out your portfolio center. Please also check ongoing floating volatility patterns of SBF 120 and Vastned Retail.
Diversification Opportunities for SBF 120 and Vastned Retail
-0.11 | Correlation Coefficient |
Good diversification
The 3 months correlation between SBF and Vastned is -0.11. Overlapping area represents the amount of risk that can be diversified away by holding SBF 120 Gross and Vastned Retail NV in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Vastned Retail NV and SBF 120 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 SBF 120 Gross are associated (or correlated) with Vastned Retail. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vastned Retail NV has no effect on the direction of SBF 120 i.e., SBF 120 and Vastned Retail go up and down completely randomly.
Pair Corralation between SBF 120 and Vastned Retail
Assuming the 90 days trading horizon SBF 120 Gross is expected to under-perform the Vastned Retail. But the index apears to be less risky and, when comparing its historical volatility, SBF 120 Gross is 1.36 times less risky than Vastned Retail. The index trades about -0.07 of its potential returns per unit of risk. The Vastned Retail NV is currently generating about 0.01 of returns per unit of risk over similar time horizon. If you would invest 2,440 in Vastned Retail NV on September 1, 2024 and sell it today you would earn a total of 20.00 from holding Vastned Retail NV or generate 0.82% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 99.24% |
| Values | Daily Returns |
SBF 120 Gross vs. Vastned Retail NV
Performance |
| Timeline |
SBF 120 and Vastned Retail Volatility Contrast
Predicted Return Density |
| Returns |
SBF 120 Gross
Pair trading matchups for SBF 120
Vastned Retail NV
Pair trading matchups for Vastned Retail
Pair Trading with SBF 120 and Vastned Retail
The main advantage of trading using opposite SBF 120 and Vastned Retail positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SBF 120 position performs unexpectedly, Vastned Retail 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 Vastned Retail will offset losses from the drop in Vastned Retail's long position.| SBF 120 vs. Vastned Retail NV | SBF 120 vs. AMG Advanced Metallurgical | SBF 120 vs. Allfunds Group | SBF 120 vs. BE Semiconductor Industries |
| Vastned Retail vs. Wereldhave NV | Vastned Retail vs. Eurocommercial Properties NV | Vastned Retail vs. NSI NV | Vastned Retail vs. Sligro Food 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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