Correlation Between Sparinv SICAV and Maj Invest
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By analyzing existing cross correlation between Sparinv SICAV and Maj Invest Kontra, you can compare the effects of market volatilities on Sparinv SICAV and Maj Invest 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 Sparinv SICAV with a short position of Maj Invest. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sparinv SICAV and Maj Invest.
Diversification Opportunities for Sparinv SICAV and Maj Invest
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Sparinv and Maj is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Sparinv SICAV and Maj Invest Kontra in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Maj Invest Kontra and Sparinv SICAV 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 Sparinv SICAV are associated (or correlated) with Maj Invest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Maj Invest Kontra has no effect on the direction of Sparinv SICAV i.e., Sparinv SICAV and Maj Invest go up and down completely randomly.
Pair Corralation between Sparinv SICAV and Maj Invest
If you would invest 22,180 in Sparinv SICAV on August 25, 2024 and sell it today you would earn a total of 7,290 from holding Sparinv SICAV or generate 32.87% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Sparinv SICAV vs. Maj Invest Kontra
Performance |
| Timeline |
| Sparinv SICAV |
| Maj Invest Kontra |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Sparinv SICAV and Maj Invest Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Sparinv SICAV and Maj Invest
The main advantage of trading using opposite Sparinv SICAV and Maj Invest positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Sparinv SICAV position performs unexpectedly, Maj Invest 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 Maj Invest will offset losses from the drop in Maj Invest's long position.| Sparinv SICAV vs. Jyske Invest Nye | Sparinv SICAV vs. Jyske Invest Korte | Sparinv SICAV vs. Jyske Invest Nye | Sparinv SICAV vs. Jyske Invest Virksomhedsobligationer |
| Maj Invest vs. Sparinvest Lange | Maj Invest vs. Investeringsforeningen Danske Invest | Maj Invest vs. Sparinv SICAV | Maj Invest vs. Investeringsforeningen Danske Invest |
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.
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