Correlation Between SBF 120 and Eurasia Fonciere
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By analyzing existing cross correlation between SBF 120 and Eurasia Fonciere Investissements, you can compare the effects of market volatilities on SBF 120 and Eurasia Fonciere 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 Eurasia Fonciere. Check out your portfolio center. Please also check ongoing floating volatility patterns of SBF 120 and Eurasia Fonciere.
Diversification Opportunities for SBF 120 and Eurasia Fonciere
-0.54 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between SBF and Eurasia is -0.54. Overlapping area represents the amount of risk that can be diversified away by holding SBF 120 and Eurasia Fonciere Investissemen in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Eurasia Fonciere Inv 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 Eurasia Fonciere. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Eurasia Fonciere Inv has no effect on the direction of SBF 120 i.e., SBF 120 and Eurasia Fonciere go up and down completely randomly.
Pair Corralation between SBF 120 and Eurasia Fonciere
Assuming the 90 days trading horizon SBF 120 is expected to under-perform the Eurasia Fonciere. But the index apears to be less risky and, when comparing its historical volatility, SBF 120 is 4.5 times less risky than Eurasia Fonciere. The index trades about -0.05 of its potential returns per unit of risk. The Eurasia Fonciere Investissements is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest 26.00 in Eurasia Fonciere Investissements on September 1, 2024 and sell it today you would earn a total of 3.00 from holding Eurasia Fonciere Investissements or generate 11.54% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 99.48% |
| Values | Daily Returns |
SBF 120 vs. Eurasia Fonciere Investissemen
Performance |
| Timeline |
SBF 120 and Eurasia Fonciere Volatility Contrast
Predicted Return Density |
| Returns |
SBF 120
Pair trading matchups for SBF 120
Eurasia Fonciere Investissements
Pair trading matchups for Eurasia Fonciere
Pair Trading with SBF 120 and Eurasia Fonciere
The main advantage of trading using opposite SBF 120 and Eurasia Fonciere positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SBF 120 position performs unexpectedly, Eurasia Fonciere 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 Eurasia Fonciere will offset losses from the drop in Eurasia Fonciere's long position.| SBF 120 vs. Jacquet Metal Service | SBF 120 vs. Eutelsat Communications SA | SBF 120 vs. Hotelim Socit Anonyme | SBF 120 vs. Gaztransport Technigaz SAS |
| Eurasia Fonciere vs. Rallye SA | Eurasia Fonciere vs. Altamir SCA | Eurasia Fonciere vs. Fonciere Lyonnaise | Eurasia Fonciere vs. Fonciere Inea |
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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