Correlation Between Regional SAB and Gentera SAB
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By analyzing existing cross correlation between Regional SAB de and Gentera SAB de, you can compare the effects of market volatilities on Regional SAB and Gentera SAB 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 Regional SAB with a short position of Gentera SAB. Check out your portfolio center. Please also check ongoing floating volatility patterns of Regional SAB and Gentera SAB.
Diversification Opportunities for Regional SAB and Gentera SAB
-0.16 | Correlation Coefficient |
Good diversification
The 3 months correlation between Regional and Gentera is -0.16. Overlapping area represents the amount of risk that can be diversified away by holding Regional SAB de and Gentera SAB de in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Gentera SAB de and Regional SAB 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 Regional SAB de are associated (or correlated) with Gentera SAB. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gentera SAB de has no effect on the direction of Regional SAB i.e., Regional SAB and Gentera SAB go up and down completely randomly.
Pair Corralation between Regional SAB and Gentera SAB
Assuming the 90 days horizon Regional SAB de is expected to under-perform the Gentera SAB. But the stock apears to be less risky and, when comparing its historical volatility, Regional SAB de is 1.41 times less risky than Gentera SAB. The stock trades about -0.22 of its potential returns per unit of risk. The Gentera SAB de is currently generating about 0.1 of returns per unit of risk over similar time horizon. If you would invest 2,472 in Gentera SAB de on September 2, 2024 and sell it today you would earn a total of 109.00 from holding Gentera SAB de or generate 4.41% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Regional SAB de vs. Gentera SAB de
Performance |
| Timeline |
| Regional SAB de |
| Gentera SAB de |
Regional SAB and Gentera SAB Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Regional SAB and Gentera SAB
The main advantage of trading using opposite Regional SAB and Gentera SAB positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Regional SAB position performs unexpectedly, Gentera SAB 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 Gentera SAB will offset losses from the drop in Gentera SAB's long position.| Regional SAB vs. Banco del Bajo | Regional SAB vs. Gentera SAB de | Regional SAB vs. Megacable Holdings S | Regional SAB vs. Becle SAB de |
| Gentera SAB vs. Grupo Financiero Inbursa | Gentera SAB vs. Promotora y Operadora | Gentera SAB vs. ALPEK SAB de | Gentera SAB vs. Grupo Financiero Banorte |
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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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