Correlation Between SBF 120 and Acces Industrie
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By analyzing existing cross correlation between SBF 120 and Acces Industrie SA, you can compare the effects of market volatilities on SBF 120 and Acces Industrie 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 Acces Industrie. Check out your portfolio center. Please also check ongoing floating volatility patterns of SBF 120 and Acces Industrie.
Diversification Opportunities for SBF 120 and Acces Industrie
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between SBF and Acces is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding SBF 120 and Acces Industrie SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Acces Industrie SA 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 Acces Industrie. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Acces Industrie SA has no effect on the direction of SBF 120 i.e., SBF 120 and Acces Industrie go up and down completely randomly.
Pair Corralation between SBF 120 and Acces Industrie
If you would invest (100.00) in Acces Industrie SA on September 4, 2024 and sell it today you would earn a total of 100.00 from holding Acces Industrie SA 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 |
SBF 120 vs. Acces Industrie SA
Performance |
| Timeline |
SBF 120 and Acces Industrie Volatility Contrast
Predicted Return Density |
| Returns |
SBF 120
Pair trading matchups for SBF 120
Acces Industrie SA
Pair trading matchups for Acces Industrie
Pair Trading with SBF 120 and Acces Industrie
The main advantage of trading using opposite SBF 120 and Acces Industrie positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SBF 120 position performs unexpectedly, Acces Industrie 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 Acces Industrie will offset losses from the drop in Acces Industrie's long position.| SBF 120 vs. Credit Agricole SA | SBF 120 vs. Entech SE SAS | SBF 120 vs. Lexibook Linguistic Electronic | SBF 120 vs. Gaztransport Technigaz SAS |
| Acces Industrie vs. Gaztransport Technigaz SAS | Acces Industrie vs. Netmedia Group SA | Acces Industrie vs. Axway Software | Acces Industrie vs. Fiducial Office 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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