Correlation Between SF Sustainable and BCV Swiss
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By analyzing existing cross correlation between SF Sustainable Property and BCV Swiss Equity, you can compare the effects of market volatilities on SF Sustainable and BCV Swiss 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 BCV Swiss. Check out your portfolio center. Please also check ongoing floating volatility patterns of SF Sustainable and BCV Swiss.
Diversification Opportunities for SF Sustainable and BCV Swiss
-0.05 | Correlation Coefficient |
Good diversification
The 3 months correlation between SFPF and BCV is -0.05. Overlapping area represents the amount of risk that can be diversified away by holding SF Sustainable Property and BCV Swiss Equity in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BCV Swiss 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 BCV Swiss. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BCV Swiss Equity has no effect on the direction of SF Sustainable i.e., SF Sustainable and BCV Swiss go up and down completely randomly.
Pair Corralation between SF Sustainable and BCV Swiss
Assuming the 90 days trading horizon SF Sustainable Property is expected to generate 1.9 times more return on investment than BCV Swiss. However, SF Sustainable is 1.9 times more volatile than BCV Swiss Equity. It trades about 0.15 of its potential returns per unit of risk. BCV Swiss Equity is currently generating about -0.25 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. BCV Swiss Equity
Performance |
| Timeline |
| SF Sustainable Property |
| BCV Swiss Equity |
SF Sustainable and BCV Swiss Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SF Sustainable and BCV Swiss
The main advantage of trading using opposite SF Sustainable and BCV Swiss positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SF Sustainable position performs unexpectedly, BCV Swiss 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 BCV Swiss will offset losses from the drop in BCV Swiss' 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 |
| BCV Swiss vs. CSIF III Eq | BCV Swiss vs. UBS Property | BCV Swiss vs. Procimmo Real Estate | BCV Swiss vs. Baloise Holding AG |
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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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