Correlation Between Sligro Food and AEX Amsterdam
Can any of the company-specific risk be diversified away by investing in both Sligro Food and AEX Amsterdam 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 Sligro Food and AEX Amsterdam into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Sligro Food Group and AEX Amsterdam Index, you can compare the effects of market volatilities on Sligro Food and AEX Amsterdam 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 Sligro Food with a short position of AEX Amsterdam. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sligro Food and AEX Amsterdam.
Diversification Opportunities for Sligro Food and AEX Amsterdam
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Sligro and AEX is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Sligro Food Group and AEX Amsterdam Index in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AEX Amsterdam Index and Sligro Food 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 Sligro Food Group are associated (or correlated) with AEX Amsterdam. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AEX Amsterdam Index has no effect on the direction of Sligro Food i.e., Sligro Food and AEX Amsterdam go up and down completely randomly.
Pair Corralation between Sligro Food and AEX Amsterdam
If you would invest 0.00 in AEX Amsterdam Index on September 4, 2024 and sell it today you would earn a total of 0.00 from holding AEX Amsterdam Index or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 4.55% |
| Values | Daily Returns |
Sligro Food Group vs. AEX Amsterdam Index
Performance |
| Timeline |
Sligro Food and AEX Amsterdam Volatility Contrast
Predicted Return Density |
| Returns |
Sligro Food Group
Pair trading matchups for Sligro Food
AEX Amsterdam Index
Pair trading matchups for AEX Amsterdam
Pair Trading with Sligro Food and AEX Amsterdam
The main advantage of trading using opposite Sligro Food and AEX Amsterdam positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Sligro Food position performs unexpectedly, AEX Amsterdam 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 AEX Amsterdam will offset losses from the drop in AEX Amsterdam's long position.| Sligro Food vs. TKH Group NV | Sligro Food vs. Brunel International NV | Sligro Food vs. Koninklijke BAM Groep | Sligro Food vs. Koninklijke Vopak NV |
| AEX Amsterdam vs. Allfunds Group | AEX Amsterdam vs. Accsys Technologies | AEX Amsterdam vs. Reinet Investments SCA | AEX Amsterdam vs. Vastned Retail NV |
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.
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