Correlation Between Sparinvest Value and BAIGAI
Can any of the company-specific risk be diversified away by investing in both Sparinvest Value and BAIGAI 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 Sparinvest Value and BAIGAI into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Sparinvest Value Bonds and Investeringsforeningen Bankinvest , you can compare the effects of market volatilities on Sparinvest Value and BAIGAI 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 Sparinvest Value with a short position of BAIGAI. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sparinvest Value and BAIGAI.
Diversification Opportunities for Sparinvest Value and BAIGAI
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Sparinvest and BAIGAI is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Sparinvest Value Bonds and Investeringsforeningen Bankinv in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Investeringsforeningen and Sparinvest Value 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 Sparinvest Value Bonds are associated (or correlated) with BAIGAI. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Investeringsforeningen has no effect on the direction of Sparinvest Value i.e., Sparinvest Value and BAIGAI go up and down completely randomly.
Pair Corralation between Sparinvest Value and BAIGAI
If you would invest 14,157 in Investeringsforeningen Bankinvest on September 18, 2024 and sell it today you would earn a total of 501.00 from holding Investeringsforeningen Bankinvest or generate 3.54% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Sparinvest Value Bonds vs. Investeringsforeningen Bankinv
Performance |
| Timeline |
| Sparinvest Value Bonds |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| Investeringsforeningen |
Sparinvest Value and BAIGAI Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Sparinvest Value and BAIGAI
The main advantage of trading using opposite Sparinvest Value and BAIGAI positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Sparinvest Value position performs unexpectedly, BAIGAI 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 BAIGAI will offset losses from the drop in BAIGAI's long position.| Sparinvest Value vs. Sparinvest Lange | Sparinvest Value vs. Investeringsforeningen Danske Invest | Sparinvest Value vs. Sparinv SICAV | Sparinvest Value vs. Sparinvest Value Emerging |
| BAIGAI vs. Jyske Invest Nye | BAIGAI vs. Jyske Invest Korte | BAIGAI vs. Jyske Invest Nye | BAIGAI vs. Jyske Invest Virksomhedsobligationer |
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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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