Correlation Between Sasol and Assetmix
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By analyzing existing cross correlation between Sasol Ltd Bee and Assetmix Ci Balanced, you can compare the effects of market volatilities on Sasol and Assetmix 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 Sasol with a short position of Assetmix. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sasol and Assetmix.
Diversification Opportunities for Sasol and Assetmix
Very good diversification
The 3 months correlation between Sasol and Assetmix is -0.37. Overlapping area represents the amount of risk that can be diversified away by holding Sasol Ltd Bee and Assetmix Ci Balanced in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Assetmix Ci Balanced and Sasol 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 Sasol Ltd Bee are associated (or correlated) with Assetmix. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Assetmix Ci Balanced has no effect on the direction of Sasol i.e., Sasol and Assetmix go up and down completely randomly.
Pair Corralation between Sasol and Assetmix
Assuming the 90 days trading horizon Sasol Ltd Bee is expected to under-perform the Assetmix. In addition to that, Sasol is 7.9 times more volatile than Assetmix Ci Balanced. It trades about -0.32 of its total potential returns per unit of risk. Assetmix Ci Balanced is currently generating about 0.16 per unit of volatility. If you would invest 159.00 in Assetmix Ci Balanced on September 3, 2024 and sell it today you would earn a total of 2.00 from holding Assetmix Ci Balanced or generate 1.26% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Sasol Ltd Bee vs. Assetmix Ci Balanced
Performance |
| Timeline |
| Sasol Ltd Bee |
| Assetmix Ci Balanced |
Sasol and Assetmix Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Sasol and Assetmix
The main advantage of trading using opposite Sasol and Assetmix positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Sasol position performs unexpectedly, Assetmix 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 Assetmix will offset losses from the drop in Assetmix's long position.The idea behind Sasol Ltd Bee and Assetmix Ci Balanced pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| Assetmix vs. Sasol Ltd Bee | Assetmix vs. Centaur Bci Balanced | Assetmix vs. Sabvest Capital | Assetmix vs. Growthpoint Properties |
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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