Correlation Between Compania Hoteliera and Infinity Capital
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By analyzing existing cross correlation between Compania Hoteliera InterContinental and Infinity Capital Investments, you can compare the effects of market volatilities on Compania Hoteliera and Infinity 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 Compania Hoteliera with a short position of Infinity Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Compania Hoteliera and Infinity Capital.
Diversification Opportunities for Compania Hoteliera and Infinity Capital
-0.24 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Compania and Infinity is -0.24. Overlapping area represents the amount of risk that can be diversified away by holding Compania Hoteliera InterContin and Infinity Capital Investments in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Infinity Capital Inv and Compania Hoteliera 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 Compania Hoteliera InterContinental are associated (or correlated) with Infinity Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Infinity Capital Inv has no effect on the direction of Compania Hoteliera i.e., Compania Hoteliera and Infinity Capital go up and down completely randomly.
Pair Corralation between Compania Hoteliera and Infinity Capital
Assuming the 90 days trading horizon Compania Hoteliera InterContinental is expected to generate 5.36 times more return on investment than Infinity Capital. However, Compania Hoteliera is 5.36 times more volatile than Infinity Capital Investments. It trades about 0.07 of its potential returns per unit of risk. Infinity Capital Investments is currently generating about 0.06 per unit of risk. If you would invest 12.00 in Compania Hoteliera InterContinental on August 24, 2024 and sell it today you would earn a total of 12.00 from holding Compania Hoteliera InterContinental or generate 100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 55.06% |
| Values | Daily Returns |
Compania Hoteliera InterContin vs. Infinity Capital Investments
Performance |
| Timeline |
| Compania Hoteliera |
| Infinity Capital Inv |
Compania Hoteliera and Infinity Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Compania Hoteliera and Infinity Capital
The main advantage of trading using opposite Compania Hoteliera and Infinity Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Compania Hoteliera position performs unexpectedly, Infinity 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 Infinity Capital will offset losses from the drop in Infinity Capital's long position.| Compania Hoteliera vs. Teraplast Bist | Compania Hoteliera vs. Electroarges S | Compania Hoteliera vs. Comvex SA | Compania Hoteliera vs. Feper SA |
| Infinity Capital vs. IHUNT TECHNOLOGY IMPORT EXPORT | Infinity Capital vs. Turism Hotelur | Infinity Capital vs. TRANSILVANIA LEASING SI | Infinity Capital vs. Biofarm Bucure |
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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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