Correlation Between Strategic Investments and Nordea Invest
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By analyzing existing cross correlation between Strategic Investments AS and Nordea Invest Aktier, you can compare the effects of market volatilities on Strategic Investments and Nordea 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 Nordea Invest. Check out your portfolio center. Please also check ongoing floating volatility patterns of Strategic Investments and Nordea Invest.
Diversification Opportunities for Strategic Investments and Nordea Invest
-0.8 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Strategic and Nordea is -0.8. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Investments AS and Nordea Invest Aktier in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Nordea Invest Aktier 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 Nordea Invest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Nordea Invest Aktier has no effect on the direction of Strategic Investments i.e., Strategic Investments and Nordea Invest go up and down completely randomly.
Pair Corralation between Strategic Investments and Nordea Invest
Assuming the 90 days trading horizon Strategic Investments AS is expected to under-perform the Nordea Invest. In addition to that, Strategic Investments is 2.91 times more volatile than Nordea Invest Aktier. It trades about -0.05 of its total potential returns per unit of risk. Nordea Invest Aktier is currently generating about 0.08 per unit of volatility. If you would invest 51,860 in Nordea Invest Aktier on September 19, 2024 and sell it today you would earn a total of 3,330 from holding Nordea Invest Aktier or generate 6.42% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 79.69% |
| Values | Daily Returns |
Strategic Investments AS vs. Nordea Invest Aktier
Performance |
| Timeline |
| Strategic Investments |
| Nordea Invest Aktier |
Strategic Investments and Nordea Invest Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Strategic Investments and Nordea Invest
The main advantage of trading using opposite Strategic Investments and Nordea Invest positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Strategic Investments position performs unexpectedly, Nordea 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 Nordea Invest will offset losses from the drop in Nordea Invest's long position.| Strategic Investments vs. Newcap Holding AS | Strategic Investments vs. SKAKO AS | Strategic Investments vs. Rovsing AS |
| Nordea Invest vs. Strategic Investments AS | Nordea Invest vs. Sydbank AS | Nordea Invest vs. NTG Nordic Transport | Nordea Invest vs. Nordinvestments AS |
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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