Correlation Between STANDARD ALLIANCE and C I
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By analyzing existing cross correlation between STANDARD ALLIANCE INSURANCE and C I LEASING, you can compare the effects of market volatilities on STANDARD ALLIANCE and C I 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 STANDARD ALLIANCE with a short position of C I. Check out your portfolio center. Please also check ongoing floating volatility patterns of STANDARD ALLIANCE and C I.
Diversification Opportunities for STANDARD ALLIANCE and C I
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between STANDARD and CILEASING is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding STANDARD ALLIANCE INSURANCE and C I LEASING in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on C I LEASING and STANDARD ALLIANCE 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 STANDARD ALLIANCE INSURANCE are associated (or correlated) with C I. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of C I LEASING has no effect on the direction of STANDARD ALLIANCE i.e., STANDARD ALLIANCE and C I go up and down completely randomly.
Pair Corralation between STANDARD ALLIANCE and C I
If you would invest 350.00 in C I LEASING on September 3, 2024 and sell it today you would earn a total of 65.00 from holding C I LEASING or generate 18.57% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
STANDARD ALLIANCE INSURANCE vs. C I LEASING
Performance |
| Timeline |
| STANDARD ALLIANCE |
| C I LEASING |
STANDARD ALLIANCE and C I Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with STANDARD ALLIANCE and C I
The main advantage of trading using opposite STANDARD ALLIANCE and C I positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if STANDARD ALLIANCE position performs unexpectedly, C I 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 C I will offset losses from the drop in C I's long position.| STANDARD ALLIANCE vs. CONSOLIDATED HALLMARK INSURANCE | STANDARD ALLIANCE vs. SECURE ELECTRONIC TECHNOLOGY | STANDARD ALLIANCE vs. ZENITH BANK PLC | STANDARD ALLIANCE vs. INDUSTRIAL MEDICAL GASES |
| C I vs. AIICO INSURANCE PLC | C I vs. AFRICAN ALLIANCE INSURANCE | C I vs. DN TYRE RUBBER | C I vs. STACO INSURANCE PLC |
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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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