Correlation Between SBF 120 and L U
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By analyzing existing cross correlation between SBF 120 and L U ETFNA, you can compare the effects of market volatilities on SBF 120 and L U 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 SBF 120 with a short position of L U. Check out your portfolio center. Please also check ongoing floating volatility patterns of SBF 120 and L U.
Diversification Opportunities for SBF 120 and L U
Pay attention - limited upside
The 3 months correlation between SBF and AHJ is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding SBF 120 and L U ETFNA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on L U ETFNA and SBF 120 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 SBF 120 are associated (or correlated) with L U. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of L U ETFNA has no effect on the direction of SBF 120 i.e., SBF 120 and L U go up and down completely randomly.
Pair Corralation between SBF 120 and L U
If you would invest 556,712 in SBF 120 on November 19, 2024 and sell it today you would earn a total of 60,111 from holding SBF 120 or generate 10.8% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
SBF 120 vs. L U ETFNA
Performance |
| Timeline |
SBF 120 and L U Volatility Contrast
Predicted Return Density |
| Returns |
SBF 120
Pair trading matchups for SBF 120
L U ETFNA
Pair trading matchups for L U
Pair Trading with SBF 120 and L U
The main advantage of trading using opposite SBF 120 and L U positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SBF 120 position performs unexpectedly, L U 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 L U will offset losses from the drop in L U's long position.| SBF 120 vs. Entech SE SAS | SBF 120 vs. Odyssee Technologies SA | SBF 120 vs. Sidetrade | SBF 120 vs. Boiron SA |
| L U vs. Amundi Index Solutions | L U vs. Multi Units Luxembourg | L U vs. iShares Digital Entertainment | L U vs. Amundi Index Solutions |
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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