Correlation Between FIBRA Storage and Deutsche Bank
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By analyzing existing cross correlation between FIBRA Storage and Deutsche Bank Aktiengesellschaft, you can compare the effects of market volatilities on FIBRA Storage and Deutsche Bank 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 Deutsche Bank. Check out your portfolio center. Please also check ongoing floating volatility patterns of FIBRA Storage and Deutsche Bank.
Diversification Opportunities for FIBRA Storage and Deutsche Bank
0.65 | Correlation Coefficient |
Poor diversification
The 3 months correlation between FIBRA and Deutsche is 0.65. Overlapping area represents the amount of risk that can be diversified away by holding FIBRA Storage and Deutsche Bank Aktiengesellscha in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Deutsche Bank Aktien 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 Deutsche Bank. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Deutsche Bank Aktien has no effect on the direction of FIBRA Storage i.e., FIBRA Storage and Deutsche Bank go up and down completely randomly.
Pair Corralation between FIBRA Storage and Deutsche Bank
Assuming the 90 days trading horizon FIBRA Storage is expected to generate 0.63 times more return on investment than Deutsche Bank. However, FIBRA Storage is 1.58 times less risky than Deutsche Bank. It trades about 0.07 of its potential returns per unit of risk. Deutsche Bank Aktiengesellschaft is currently generating about -0.07 per unit of risk. If you would invest 1,705 in FIBRA Storage on August 24, 2024 and sell it today you would earn a total of 20.00 from holding FIBRA Storage or generate 1.17% 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. Deutsche Bank Aktiengesellscha
Performance |
| Timeline |
| FIBRA Storage |
| Deutsche Bank Aktien |
FIBRA Storage and Deutsche Bank Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FIBRA Storage and Deutsche Bank
The main advantage of trading using opposite FIBRA Storage and Deutsche Bank positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FIBRA Storage position performs unexpectedly, Deutsche Bank 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 Deutsche Bank will offset losses from the drop in Deutsche Bank's long position.| FIBRA Storage vs. Southern Copper | FIBRA Storage vs. The Bank of | FIBRA Storage vs. Grupo Hotelero Santa | FIBRA Storage vs. UnitedHealth Group Incorporated |
| Deutsche Bank vs. Costco Wholesale | Deutsche Bank vs. Micron Technology | Deutsche Bank vs. Grupo Carso SAB | Deutsche Bank vs. Verizon Communications |
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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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