Correlation Between SF Sustainable and CSIF III
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By analyzing existing cross correlation between SF Sustainable Property and CSIF III Equity, you can compare the effects of market volatilities on SF Sustainable and CSIF III 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 SF Sustainable with a short position of CSIF III. Check out your portfolio center. Please also check ongoing floating volatility patterns of SF Sustainable and CSIF III.
Diversification Opportunities for SF Sustainable and CSIF III
-0.09 | Correlation Coefficient |
Good diversification
The 3 months correlation between SFPF and CSIF is -0.09. Overlapping area represents the amount of risk that can be diversified away by holding SF Sustainable Property and CSIF III Equity in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CSIF III Equity and SF Sustainable 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 SF Sustainable Property are associated (or correlated) with CSIF III. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CSIF III Equity has no effect on the direction of SF Sustainable i.e., SF Sustainable and CSIF III go up and down completely randomly.
Pair Corralation between SF Sustainable and CSIF III
Assuming the 90 days trading horizon SF Sustainable Property is expected to generate 1.12 times more return on investment than CSIF III. However, SF Sustainable is 1.12 times more volatile than CSIF III Equity. It trades about 0.15 of its potential returns per unit of risk. CSIF III Equity is currently generating about -0.37 per unit of risk. If you would invest 12,600 in SF Sustainable Property on September 25, 2024 and sell it today you would earn a total of 350.00 from holding SF Sustainable Property or generate 2.78% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 90.91% |
| Values | Daily Returns |
SF Sustainable Property vs. CSIF III Equity
Performance |
| Timeline |
| SF Sustainable Property |
| CSIF III Equity |
SF Sustainable and CSIF III Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SF Sustainable and CSIF III
The main advantage of trading using opposite SF Sustainable and CSIF III positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SF Sustainable position performs unexpectedly, CSIF III 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 CSIF III will offset losses from the drop in CSIF III's long position.| SF Sustainable vs. Procimmo Real Estate | SF Sustainable vs. Baloise Holding AG | SF Sustainable vs. Banque Cantonale du | SF Sustainable vs. Invesco EQQQ NASDAQ 100 |
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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