Correlation Between FIBRA Storage and Grupo Posadas
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By analyzing existing cross correlation between FIBRA Storage and Grupo Posadas SAB, you can compare the effects of market volatilities on FIBRA Storage and Grupo Posadas 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 Grupo Posadas. Check out your portfolio center. Please also check ongoing floating volatility patterns of FIBRA Storage and Grupo Posadas.
Diversification Opportunities for FIBRA Storage and Grupo Posadas
-0.61 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between FIBRA and Grupo is -0.61. Overlapping area represents the amount of risk that can be diversified away by holding FIBRA Storage and Grupo Posadas SAB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Grupo Posadas SAB 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 Grupo Posadas. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Grupo Posadas SAB has no effect on the direction of FIBRA Storage i.e., FIBRA Storage and Grupo Posadas go up and down completely randomly.
Pair Corralation between FIBRA Storage and Grupo Posadas
Assuming the 90 days trading horizon FIBRA Storage is expected to generate 0.93 times more return on investment than Grupo Posadas. However, FIBRA Storage is 1.07 times less risky than Grupo Posadas. It trades about 0.02 of its potential returns per unit of risk. Grupo Posadas SAB is currently generating about -0.02 per unit of risk. If you would invest 1,660 in FIBRA Storage on September 5, 2024 and sell it today you would earn a total of 130.00 from holding FIBRA Storage or generate 7.83% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 99.8% |
| Values | Daily Returns |
FIBRA Storage vs. Grupo Posadas SAB
Performance |
| Timeline |
| FIBRA Storage |
| Grupo Posadas SAB |
FIBRA Storage and Grupo Posadas Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FIBRA Storage and Grupo Posadas
The main advantage of trading using opposite FIBRA Storage and Grupo Posadas positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FIBRA Storage position performs unexpectedly, Grupo Posadas 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 Grupo Posadas will offset losses from the drop in Grupo Posadas' long position.| FIBRA Storage vs. Southern Copper | FIBRA Storage vs. Verizon Communications | FIBRA Storage vs. Micron Technology | FIBRA Storage vs. Grupo Sports World |
| Grupo Posadas vs. Axtel SAB de | Grupo Posadas vs. Fomento Econmico Mexicano | Grupo Posadas vs. Lloyds Banking Group | Grupo Posadas vs. Apple Inc |
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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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