Correlation Between Svenska Handelsbanken and Corem Property
Specify exactly 2 symbols:
By analyzing existing cross correlation between Svenska Handelsbanken AB and Corem Property Group, you can compare the effects of market volatilities on Svenska Handelsbanken and Corem Property 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 Svenska Handelsbanken with a short position of Corem Property. Check out your portfolio center. Please also check ongoing floating volatility patterns of Svenska Handelsbanken and Corem Property.
Diversification Opportunities for Svenska Handelsbanken and Corem Property
-0.81 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Svenska and Corem is -0.81. Overlapping area represents the amount of risk that can be diversified away by holding Svenska Handelsbanken AB and Corem Property Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Corem Property Group and Svenska Handelsbanken 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 Svenska Handelsbanken AB are associated (or correlated) with Corem Property. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Corem Property Group has no effect on the direction of Svenska Handelsbanken i.e., Svenska Handelsbanken and Corem Property go up and down completely randomly.
Pair Corralation between Svenska Handelsbanken and Corem Property
Assuming the 90 days trading horizon Svenska Handelsbanken AB is expected to generate 0.88 times more return on investment than Corem Property. However, Svenska Handelsbanken AB is 1.14 times less risky than Corem Property. It trades about 0.07 of its potential returns per unit of risk. Corem Property Group is currently generating about 0.04 per unit of risk. If you would invest 8,611 in Svenska Handelsbanken AB on November 27, 2024 and sell it today you would earn a total of 4,854 from holding Svenska Handelsbanken AB or generate 56.37% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Svenska Handelsbanken AB vs. Corem Property Group
Performance |
| Timeline |
| Svenska Handelsbanken |
| Corem Property Group |
Svenska Handelsbanken and Corem Property Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Svenska Handelsbanken and Corem Property
The main advantage of trading using opposite Svenska Handelsbanken and Corem Property positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Svenska Handelsbanken position performs unexpectedly, Corem Property 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 Corem Property will offset losses from the drop in Corem Property's long position.| Svenska Handelsbanken vs. Swedbank AB | Svenska Handelsbanken vs. Nordea Bank Abp | Svenska Handelsbanken vs. Tele2 AB | Svenska Handelsbanken vs. Telia Company AB |
| Corem Property vs. AB Sagax | Corem Property vs. Volati AB | Corem Property vs. Dios Fastigheter AB | Corem Property vs. NP3 Fastigheter AB |
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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Other Complementary Tools
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital |