Correlation Between Satrix MSCI and Standard Bank
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By analyzing existing cross correlation between Satrix MSCI World and Standard Bank, you can compare the effects of market volatilities on Satrix MSCI and Standard 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 Satrix MSCI with a short position of Standard Bank. Check out your portfolio center. Please also check ongoing floating volatility patterns of Satrix MSCI and Standard Bank.
Diversification Opportunities for Satrix MSCI and Standard Bank
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Satrix and Standard is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Satrix MSCI World and Standard Bank in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Standard Bank and Satrix MSCI 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 Satrix MSCI World are associated (or correlated) with Standard Bank. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Standard Bank has no effect on the direction of Satrix MSCI i.e., Satrix MSCI and Standard Bank go up and down completely randomly.
Pair Corralation between Satrix MSCI and Standard Bank
If you would invest 945,900 in Satrix MSCI World on August 28, 2024 and sell it today you would earn a total of 42,600 from holding Satrix MSCI World or generate 4.5% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Satrix MSCI World vs. Standard Bank
Performance |
| Timeline |
| Satrix MSCI World |
| Standard Bank |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Satrix MSCI and Standard Bank Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Satrix MSCI and Standard Bank
The main advantage of trading using opposite Satrix MSCI and Standard Bank positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Satrix MSCI position performs unexpectedly, Standard 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 Standard Bank will offset losses from the drop in Standard Bank's long position.| Satrix MSCI vs. Europa Metals | Satrix MSCI vs. British American Tobacco | Satrix MSCI vs. Kap Industrial Holdings | Satrix MSCI vs. Anglo American Platinum |
| Standard Bank vs. Standard Bank WTI | Standard Bank vs. Standard Bank Oil | Standard Bank vs. Satrix MSCI World | Standard Bank vs. GSETNC |
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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