Correlation Between Repligen and BPCEGP
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By analyzing existing cross correlation between Repligen and BPCEGP 45 15 MAR 25, you can compare the effects of market volatilities on Repligen and BPCEGP 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 Repligen with a short position of BPCEGP. Check out your portfolio center. Please also check ongoing floating volatility patterns of Repligen and BPCEGP.
Diversification Opportunities for Repligen and BPCEGP
Very good diversification
The 3 months correlation between Repligen and BPCEGP is -0.34. Overlapping area represents the amount of risk that can be diversified away by holding Repligen and BPCEGP 45 15 MAR 25 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BPCEGP 45 15 and Repligen 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 Repligen are associated (or correlated) with BPCEGP. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BPCEGP 45 15 has no effect on the direction of Repligen i.e., Repligen and BPCEGP go up and down completely randomly.
Pair Corralation between Repligen and BPCEGP
Given the investment horizon of 90 days Repligen is expected to generate 9.76 times more return on investment than BPCEGP. However, Repligen is 9.76 times more volatile than BPCEGP 45 15 MAR 25. It trades about 0.05 of its potential returns per unit of risk. BPCEGP 45 15 MAR 25 is currently generating about -0.19 per unit of risk. If you would invest 14,179 in Repligen on September 3, 2024 and sell it today you would earn a total of 875.00 from holding Repligen or generate 6.17% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 28.13% |
| Values | Daily Returns |
Repligen vs. BPCEGP 45 15 MAR 25
Performance |
| Timeline |
| Repligen |
| BPCEGP 45 15 |
Repligen and BPCEGP Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Repligen and BPCEGP
The main advantage of trading using opposite Repligen and BPCEGP positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Repligen position performs unexpectedly, BPCEGP 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 BPCEGP will offset losses from the drop in BPCEGP's long position.| Repligen vs. Intuitive Surgical | Repligen vs. ResMed Inc | Repligen vs. Merit Medical Systems | Repligen vs. ICU Medical |
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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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