Correlation Between Reginn Hf and Oculis Holding
Can any of the company-specific risk be diversified away by investing in both Reginn Hf and Oculis Holding 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 Reginn Hf and Oculis Holding into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Reginn Hf and Oculis Holding AG, you can compare the effects of market volatilities on Reginn Hf and Oculis Holding 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 Reginn Hf with a short position of Oculis Holding. Check out your portfolio center. Please also check ongoing floating volatility patterns of Reginn Hf and Oculis Holding.
Diversification Opportunities for Reginn Hf and Oculis Holding
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Reginn and Oculis is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Reginn Hf and Oculis Holding AG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Oculis Holding AG and Reginn Hf 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 Reginn Hf are associated (or correlated) with Oculis Holding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Oculis Holding AG has no effect on the direction of Reginn Hf i.e., Reginn Hf and Oculis Holding go up and down completely randomly.
Pair Corralation between Reginn Hf and Oculis Holding
If you would invest (100.00) in Reginn Hf on August 28, 2024 and sell it today you would earn a total of 100.00 from holding Reginn Hf or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Reginn Hf vs. Oculis Holding AG
Performance |
| Timeline |
| Reginn Hf |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| Oculis Holding AG |
Reginn Hf and Oculis Holding Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Reginn Hf and Oculis Holding
The main advantage of trading using opposite Reginn Hf and Oculis Holding positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Reginn Hf position performs unexpectedly, Oculis Holding 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 Oculis Holding will offset losses from the drop in Oculis Holding's long position.| Reginn Hf vs. Alvotech | Reginn Hf vs. Arion banki hf | Reginn Hf vs. Kvika banki hf | Reginn Hf vs. slandsbanki hf |
| Oculis Holding vs. Alvotech | Oculis Holding vs. Festi hf | Oculis Holding vs. Hagar hf | Oculis Holding vs. Marel hf |
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 Transaction History module to view history of all your transactions and understand their impact on performance.
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