Correlation Between SBF 120 and Caisse Regionale
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By analyzing existing cross correlation between SBF 120 and Caisse Regionale de, you can compare the effects of market volatilities on SBF 120 and Caisse Regionale 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 Caisse Regionale. Check out your portfolio center. Please also check ongoing floating volatility patterns of SBF 120 and Caisse Regionale.
Diversification Opportunities for SBF 120 and Caisse Regionale
-0.72 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between SBF and Caisse is -0.72. Overlapping area represents the amount of risk that can be diversified away by holding SBF 120 and Caisse Regionale de in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Caisse Regionale 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 Caisse Regionale. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Caisse Regionale has no effect on the direction of SBF 120 i.e., SBF 120 and Caisse Regionale go up and down completely randomly.
Pair Corralation between SBF 120 and Caisse Regionale
Assuming the 90 days trading horizon SBF 120 is expected to under-perform the Caisse Regionale. But the index apears to be less risky and, when comparing its historical volatility, SBF 120 is 1.61 times less risky than Caisse Regionale. The index trades about -0.16 of its potential returns per unit of risk. The Caisse Regionale de is currently generating about 0.15 of returns per unit of risk over similar time horizon. If you would invest 5,980 in Caisse Regionale de on August 25, 2024 and sell it today you would earn a total of 289.00 from holding Caisse Regionale de or generate 4.83% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
SBF 120 vs. Caisse Regionale de
Performance |
| Timeline |
SBF 120 and Caisse Regionale Volatility Contrast
Predicted Return Density |
| Returns |
SBF 120
Pair trading matchups for SBF 120
Caisse Regionale de
Pair trading matchups for Caisse Regionale
Pair Trading with SBF 120 and Caisse Regionale
The main advantage of trading using opposite SBF 120 and Caisse Regionale positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SBF 120 position performs unexpectedly, Caisse Regionale 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 Caisse Regionale will offset losses from the drop in Caisse Regionale's long position.| SBF 120 vs. Mauna Kea Technologies | SBF 120 vs. Axway Software | SBF 120 vs. Soditech SA | SBF 120 vs. Guandao Puer Investment |
| Caisse Regionale vs. Caisse rgionale de | Caisse Regionale vs. Caisse Regionale de | Caisse Regionale vs. Manitou BF SA | Caisse Regionale vs. Ossiam Minimum Variance |
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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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