Correlation Between SBF 120 and Gevelot
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By analyzing existing cross correlation between SBF 120 and Gevelot, you can compare the effects of market volatilities on SBF 120 and Gevelot 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 Gevelot. Check out your portfolio center. Please also check ongoing floating volatility patterns of SBF 120 and Gevelot.
Diversification Opportunities for SBF 120 and Gevelot
Pay attention - limited upside
The 3 months correlation between SBF and Gevelot is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding SBF 120 and Gevelot in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Gevelot 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 Gevelot. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gevelot has no effect on the direction of SBF 120 i.e., SBF 120 and Gevelot go up and down completely randomly.
Pair Corralation between SBF 120 and Gevelot
If you would invest 0.00 in Gevelot on August 29, 2024 and sell it today you would earn a total of 0.00 from holding Gevelot or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 1.54% |
| Values | Daily Returns |
SBF 120 vs. Gevelot
Performance |
| Timeline |
SBF 120 and Gevelot Volatility Contrast
Predicted Return Density |
| Returns |
SBF 120
Pair trading matchups for SBF 120
Gevelot
Pair trading matchups for Gevelot
Pair Trading with SBF 120 and Gevelot
The main advantage of trading using opposite SBF 120 and Gevelot positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SBF 120 position performs unexpectedly, Gevelot 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 Gevelot will offset losses from the drop in Gevelot's long position.| SBF 120 vs. Linedata Services SA | SBF 120 vs. Mauna Kea Technologies | SBF 120 vs. Eutelsat Communications SA | SBF 120 vs. ZCCM Investments Holdings |
| Gevelot vs. Passat Socit Anonyme | Gevelot vs. Groupe Guillin SA | Gevelot vs. Jacques Bogart SA | Gevelot vs. VIEL Cie socit |
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 Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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