Correlation Between FIBRA Storage and Samsung Electronics
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By analyzing existing cross correlation between FIBRA Storage and Samsung Electronics Co, you can compare the effects of market volatilities on FIBRA Storage and Samsung Electronics 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 Samsung Electronics. Check out your portfolio center. Please also check ongoing floating volatility patterns of FIBRA Storage and Samsung Electronics.
Diversification Opportunities for FIBRA Storage and Samsung Electronics
-0.19 | Correlation Coefficient |
Good diversification
The 3 months correlation between FIBRA and Samsung is -0.19. Overlapping area represents the amount of risk that can be diversified away by holding FIBRA Storage and Samsung Electronics Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Samsung Electronics 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 Samsung Electronics. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Samsung Electronics has no effect on the direction of FIBRA Storage i.e., FIBRA Storage and Samsung Electronics go up and down completely randomly.
Pair Corralation between FIBRA Storage and Samsung Electronics
Assuming the 90 days trading horizon FIBRA Storage is expected to generate 6.89 times less return on investment than Samsung Electronics. But when comparing it to its historical volatility, FIBRA Storage is 1.41 times less risky than Samsung Electronics. It trades about 0.06 of its potential returns per unit of risk. Samsung Electronics Co is currently generating about 0.31 of returns per unit of risk over similar time horizon. If you would invest 1,867,180 in Samsung Electronics Co on November 28, 2024 and sell it today you would earn a total of 215,820 from holding Samsung Electronics Co or generate 11.56% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 95.45% |
| Values | Daily Returns |
FIBRA Storage vs. Samsung Electronics Co
Performance |
| Timeline |
| FIBRA Storage |
| Samsung Electronics |
FIBRA Storage and Samsung Electronics Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FIBRA Storage and Samsung Electronics
The main advantage of trading using opposite FIBRA Storage and Samsung Electronics positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FIBRA Storage position performs unexpectedly, Samsung Electronics 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 Samsung Electronics will offset losses from the drop in Samsung Electronics' long position.| FIBRA Storage vs. KB Home | FIBRA Storage vs. Martin Marietta Materials | FIBRA Storage vs. GMxico Transportes SAB | FIBRA Storage vs. The Home Depot |
| Samsung Electronics vs. Prudential Financial | Samsung Electronics vs. Salesforce, | Samsung Electronics vs. Cognizant Technology Solutions | Samsung Electronics vs. Delta Air Lines |
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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