Correlation Between SAMIR and CFG BANK
Specify exactly 2 symbols:
By analyzing existing cross correlation between SAMIR and CFG BANK, you can compare the effects of market volatilities on SAMIR and CFG BANK 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 SAMIR with a short position of CFG BANK. Check out your portfolio center. Please also check ongoing floating volatility patterns of SAMIR and CFG BANK.
Diversification Opportunities for SAMIR and CFG BANK
Pay attention - limited upside
The 3 months correlation between SAMIR and CFG is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding SAMIR and CFG BANK in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CFG BANK and SAMIR 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 SAMIR are associated (or correlated) with CFG BANK. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CFG BANK has no effect on the direction of SAMIR i.e., SAMIR and CFG BANK go up and down completely randomly.
Pair Corralation between SAMIR and CFG BANK
If you would invest 12,095 in CFG BANK on December 1, 2024 and sell it today you would earn a total of 11,605 from holding CFG BANK or generate 95.95% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 60.7% |
| Values | Daily Returns |
SAMIR vs. CFG BANK
Performance |
| Timeline |
| SAMIR |
| CFG BANK |
SAMIR and CFG BANK Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SAMIR and CFG BANK
The main advantage of trading using opposite SAMIR and CFG BANK positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SAMIR position performs unexpectedly, CFG BANK 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 CFG BANK will offset losses from the drop in CFG BANK's long position.| SAMIR vs. MAROC LEASING | ||
| SAMIR vs. MICRODATA | ||
| SAMIR vs. BANK OF AFRICA | ||
| SAMIR vs. HIGHTECH PAYMENT SYSTEMS |
| CFG BANK vs. CREDIT IMMOBILIER ET | ||
| CFG BANK vs. ATTIJARIWAFA BANK | ||
| CFG BANK vs. HIGHTECH PAYMENT SYSTEMS | ||
| CFG BANK vs. MAROC LEASING |
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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Other Complementary Tools
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |