Correlation Between Stock Exchange and BCAP Mid
Can any of the company-specific risk be diversified away by investing in both Stock Exchange and BCAP Mid at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Stock Exchange and BCAP Mid into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Stock Exchange Of and BCAP Mid Small, you can compare the effects of market volatilities on Stock Exchange and BCAP Mid 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 Stock Exchange with a short position of BCAP Mid. Check out your portfolio center. Please also check ongoing floating volatility patterns of Stock Exchange and BCAP Mid.
Diversification Opportunities for Stock Exchange and BCAP Mid
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Stock and BCAP is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Stock Exchange Of and BCAP Mid Small in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BCAP Mid Small and Stock Exchange 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 Stock Exchange Of are associated (or correlated) with BCAP Mid. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BCAP Mid Small has no effect on the direction of Stock Exchange i.e., Stock Exchange and BCAP Mid go up and down completely randomly.
Pair Corralation between Stock Exchange and BCAP Mid
If you would invest (100.00) in BCAP Mid Small on January 17, 2025 and sell it today you would earn a total of 100.00 from holding BCAP Mid Small 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 |
Stock Exchange Of vs. BCAP Mid Small
Performance |
| Timeline |
Stock Exchange and BCAP Mid Volatility Contrast
Predicted Return Density |
| Returns |
Stock Exchange Of
Pair trading matchups for Stock Exchange
BCAP Mid Small
Pair trading matchups for BCAP Mid
Pair Trading with Stock Exchange and BCAP Mid
The main advantage of trading using opposite Stock Exchange and BCAP Mid positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Stock Exchange position performs unexpectedly, BCAP Mid 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 BCAP Mid will offset losses from the drop in BCAP Mid's long position.| Stock Exchange vs. Information and Communication | Stock Exchange vs. Dohome Public | Stock Exchange vs. Home Product Center | Stock Exchange vs. Communication System Solution |
| BCAP Mid vs. BCAP SET100 | BCAP Mid vs. BCAP MSCI Thailand | BCAP Mid vs. United Hero ETF | BCAP Mid vs. WISE KTAM CSI |
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 Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Other Complementary Tools
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |