Correlation Between Samhi Hotels and EMBASSY OFFICE
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By analyzing existing cross correlation between Samhi Hotels Limited and EMBASSY OFFICE PARKS, you can compare the effects of market volatilities on Samhi Hotels and EMBASSY OFFICE 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 Samhi Hotels with a short position of EMBASSY OFFICE. Check out your portfolio center. Please also check ongoing floating volatility patterns of Samhi Hotels and EMBASSY OFFICE.
Diversification Opportunities for Samhi Hotels and EMBASSY OFFICE
-0.1 | Correlation Coefficient |
Good diversification
The 3 months correlation between Samhi and EMBASSY is -0.1. Overlapping area represents the amount of risk that can be diversified away by holding Samhi Hotels Limited and EMBASSY OFFICE PARKS in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on EMBASSY OFFICE PARKS and Samhi Hotels 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 Samhi Hotels Limited are associated (or correlated) with EMBASSY OFFICE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EMBASSY OFFICE PARKS has no effect on the direction of Samhi Hotels i.e., Samhi Hotels and EMBASSY OFFICE go up and down completely randomly.
Pair Corralation between Samhi Hotels and EMBASSY OFFICE
Assuming the 90 days trading horizon Samhi Hotels Limited is expected to generate 1.54 times more return on investment than EMBASSY OFFICE. However, Samhi Hotels is 1.54 times more volatile than EMBASSY OFFICE PARKS. It trades about 0.05 of its potential returns per unit of risk. EMBASSY OFFICE PARKS is currently generating about 0.04 per unit of risk. If you would invest 14,340 in Samhi Hotels Limited on September 29, 2024 and sell it today you would earn a total of 5,327 from holding Samhi Hotels Limited or generate 37.15% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 61.42% |
| Values | Daily Returns |
Samhi Hotels Limited vs. EMBASSY OFFICE PARKS
Performance |
| Timeline |
| Samhi Hotels Limited |
| EMBASSY OFFICE PARKS |
Samhi Hotels and EMBASSY OFFICE Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Samhi Hotels and EMBASSY OFFICE
The main advantage of trading using opposite Samhi Hotels and EMBASSY OFFICE positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Samhi Hotels position performs unexpectedly, EMBASSY OFFICE 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 EMBASSY OFFICE will offset losses from the drop in EMBASSY OFFICE's long position.| Samhi Hotels vs. Welspun Investments and | Samhi Hotels vs. ILFS Investment Managers | Samhi Hotels vs. SIL Investments Limited | Samhi Hotels vs. Jindal Steel Power |
| EMBASSY OFFICE vs. DMCC SPECIALITY CHEMICALS | EMBASSY OFFICE vs. Allied Blenders Distillers | EMBASSY OFFICE vs. Taj GVK Hotels | EMBASSY OFFICE vs. Samhi Hotels Limited |
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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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