Correlation Between Sydinvest Mellemlange and BankIn Bredygt
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By analyzing existing cross correlation between Sydinvest Mellemlange Obligationer and BankIn Bredygt Klimaakt, you can compare the effects of market volatilities on Sydinvest Mellemlange and BankIn Bredygt 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 Sydinvest Mellemlange with a short position of BankIn Bredygt. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sydinvest Mellemlange and BankIn Bredygt.
Diversification Opportunities for Sydinvest Mellemlange and BankIn Bredygt
-0.05 | Correlation Coefficient |
Good diversification
The 3 months correlation between Sydinvest and BankIn is -0.05. Overlapping area represents the amount of risk that can be diversified away by holding Sydinvest Mellemlange Obligati and BankIn Bredygt Klimaakt in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BankIn Bredygt Klimaakt and Sydinvest Mellemlange 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 Sydinvest Mellemlange Obligationer are associated (or correlated) with BankIn Bredygt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BankIn Bredygt Klimaakt has no effect on the direction of Sydinvest Mellemlange i.e., Sydinvest Mellemlange and BankIn Bredygt go up and down completely randomly.
Pair Corralation between Sydinvest Mellemlange and BankIn Bredygt
Assuming the 90 days trading horizon Sydinvest Mellemlange Obligationer is expected to generate 0.09 times more return on investment than BankIn Bredygt. However, Sydinvest Mellemlange Obligationer is 10.6 times less risky than BankIn Bredygt. It trades about 0.12 of its potential returns per unit of risk. BankIn Bredygt Klimaakt is currently generating about -0.07 per unit of risk. If you would invest 10,033 in Sydinvest Mellemlange Obligationer on January 26, 2025 and sell it today you would earn a total of 477.00 from holding Sydinvest Mellemlange Obligationer or generate 4.75% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 62.92% |
| Values | Daily Returns |
Sydinvest Mellemlange Obligati vs. BankIn Bredygt Klimaakt
Performance |
| Timeline |
| Sydinvest Mellemlange |
| BankIn Bredygt Klimaakt |
Sydinvest Mellemlange and BankIn Bredygt Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Sydinvest Mellemlange and BankIn Bredygt
The main advantage of trading using opposite Sydinvest Mellemlange and BankIn Bredygt positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Sydinvest Mellemlange position performs unexpectedly, BankIn Bredygt 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 BankIn Bredygt will offset losses from the drop in BankIn Bredygt's long position.| Sydinvest Mellemlange vs. Sydbank AS | Sydinvest Mellemlange vs. Embla Medical hf | Sydinvest Mellemlange vs. BankInvest Value Globale | Sydinvest Mellemlange vs. Hvidbjerg Bank |
| BankIn Bredygt vs. Ringkjoebing Landbobank AS | BankIn Bredygt vs. Hvidbjerg Bank | BankIn Bredygt vs. Jyske Bank AS | BankIn Bredygt vs. Dataproces Group 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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