Correlation Between SBF 120 and Rallye SA
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By analyzing existing cross correlation between SBF 120 and Rallye SA, you can compare the effects of market volatilities on SBF 120 and Rallye SA 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 Rallye SA. Check out your portfolio center. Please also check ongoing floating volatility patterns of SBF 120 and Rallye SA.
Diversification Opportunities for SBF 120 and Rallye SA
Pay attention - limited upside
The 3 months correlation between SBF and Rallye is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding SBF 120 and Rallye SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Rallye 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 Rallye SA. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Rallye SA has no effect on the direction of SBF 120 i.e., SBF 120 and Rallye SA go up and down completely randomly.
Pair Corralation between SBF 120 and Rallye SA
If you would invest 4.41 in Rallye SA on August 27, 2024 and sell it today you would earn a total of 0.00 from holding Rallye SA or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
SBF 120 vs. Rallye SA
Performance |
| Timeline |
SBF 120 and Rallye SA Volatility Contrast
Predicted Return Density |
| Returns |
SBF 120
Pair trading matchups for SBF 120
Rallye SA
Pair trading matchups for Rallye SA
Pair Trading with SBF 120 and Rallye SA
The main advantage of trading using opposite SBF 120 and Rallye SA positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SBF 120 position performs unexpectedly, Rallye SA 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 Rallye SA will offset losses from the drop in Rallye SA's long position.| SBF 120 vs. X Fab Silicon | SBF 120 vs. Axway Software | SBF 120 vs. Covivio Hotels | SBF 120 vs. Novatech Industries SA |
| Rallye SA vs. Lagardere SCA | Rallye SA vs. Mtropole Tlvision SA | Rallye SA vs. Mercialys SA | Rallye SA vs. Nexity |
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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
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