Correlation Between FIBRA Storage and Capital One
Specify exactly 2 symbols:
By analyzing existing cross correlation between FIBRA Storage and Capital One Financial, you can compare the effects of market volatilities on FIBRA Storage and Capital One 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 FIBRA Storage with a short position of Capital One. Check out your portfolio center. Please also check ongoing floating volatility patterns of FIBRA Storage and Capital One.
Diversification Opportunities for FIBRA Storage and Capital One
0.68 | Correlation Coefficient |
Poor diversification
The 3 months correlation between FIBRA and Capital is 0.68. Overlapping area represents the amount of risk that can be diversified away by holding FIBRA Storage and Capital One Financial in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Capital One Financial and FIBRA Storage 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 FIBRA Storage are associated (or correlated) with Capital One. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Capital One Financial has no effect on the direction of FIBRA Storage i.e., FIBRA Storage and Capital One go up and down completely randomly.
Pair Corralation between FIBRA Storage and Capital One
Assuming the 90 days trading horizon FIBRA Storage is expected to generate 1.14 times less return on investment than Capital One. But when comparing it to its historical volatility, FIBRA Storage is 1.04 times less risky than Capital One. It trades about 0.14 of its potential returns per unit of risk. Capital One Financial is currently generating about 0.15 of returns per unit of risk over similar time horizon. If you would invest 379,452 in Capital One Financial on October 26, 2024 and sell it today you would earn a total of 15,048 from holding Capital One Financial or generate 3.97% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
FIBRA Storage vs. Capital One Financial
Performance |
| Timeline |
| FIBRA Storage |
| Capital One Financial |
FIBRA Storage and Capital One Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FIBRA Storage and Capital One
The main advantage of trading using opposite FIBRA Storage and Capital One positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FIBRA Storage position performs unexpectedly, Capital One 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 Capital One will offset losses from the drop in Capital One's long position.| FIBRA Storage vs. Southwest Airlines | FIBRA Storage vs. Grupo Sports World | FIBRA Storage vs. Ameriprise Financial | FIBRA Storage vs. New Oriental Education |
| Capital One vs. Martin Marietta Materials | Capital One vs. Taiwan Semiconductor Manufacturing | Capital One vs. FIBRA Storage | Capital One vs. Hoteles City Express |
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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Other Complementary Tools
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |