Correlation Between Strategic Investments and Jyske Invest
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By analyzing existing cross correlation between Strategic Investments AS and Jyske Invest Virksomhedsobligationer, you can compare the effects of market volatilities on Strategic Investments and Jyske Invest 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 Strategic Investments with a short position of Jyske Invest. Check out your portfolio center. Please also check ongoing floating volatility patterns of Strategic Investments and Jyske Invest.
Diversification Opportunities for Strategic Investments and Jyske Invest
-0.27 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Strategic and Jyske is -0.27. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Investments AS and Jyske Invest Virksomhedsobliga in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jyske Invest Virksom and Strategic Investments 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 Strategic Investments AS are associated (or correlated) with Jyske Invest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jyske Invest Virksom has no effect on the direction of Strategic Investments i.e., Strategic Investments and Jyske Invest go up and down completely randomly.
Pair Corralation between Strategic Investments and Jyske Invest
Assuming the 90 days trading horizon Strategic Investments AS is expected to under-perform the Jyske Invest. In addition to that, Strategic Investments is 6.31 times more volatile than Jyske Invest Virksomhedsobligationer. It trades about -0.01 of its total potential returns per unit of risk. Jyske Invest Virksomhedsobligationer is currently generating about 0.13 per unit of volatility. If you would invest 9,332 in Jyske Invest Virksomhedsobligationer on September 1, 2024 and sell it today you would earn a total of 84.00 from holding Jyske Invest Virksomhedsobligationer or generate 0.9% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 95.65% |
| Values | Daily Returns |
Strategic Investments AS vs. Jyske Invest Virksomhedsobliga
Performance |
| Timeline |
| Strategic Investments |
| Jyske Invest Virksom |
Strategic Investments and Jyske Invest Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Strategic Investments and Jyske Invest
The main advantage of trading using opposite Strategic Investments and Jyske Invest positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Strategic Investments position performs unexpectedly, Jyske Invest 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 Jyske Invest will offset losses from the drop in Jyske Invest's long position.| Strategic Investments vs. Newcap Holding AS | Strategic Investments vs. SKAKO AS | Strategic Investments vs. Rovsing AS | Strategic Investments vs. Danske Invest |
| Jyske Invest vs. Strategic Investments AS | Jyske Invest vs. TROPHY GAMES Development | Jyske Invest vs. Dataproces Group AS | Jyske Invest vs. Spar Nord Bank |
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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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