Correlation Between ATT and AMFAHI
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By analyzing existing cross correlation between ATT Inc and AMFAHI 3833 11 MAR 51, you can compare the effects of market volatilities on ATT and AMFAHI 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 ATT with a short position of AMFAHI. Check out your portfolio center. Please also check ongoing floating volatility patterns of ATT and AMFAHI.
Diversification Opportunities for ATT and AMFAHI
Weak diversification
The 3 months correlation between ATT and AMFAHI is 0.39. Overlapping area represents the amount of risk that can be diversified away by holding ATT Inc and AMFAHI 3833 11 MAR 51 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AMFAHI 3833 11 and ATT 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 ATT Inc are associated (or correlated) with AMFAHI. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AMFAHI 3833 11 has no effect on the direction of ATT i.e., ATT and AMFAHI go up and down completely randomly.
Pair Corralation between ATT and AMFAHI
Taking into account the 90-day investment horizon ATT Inc is expected to generate 0.68 times more return on investment than AMFAHI. However, ATT Inc is 1.47 times less risky than AMFAHI. It trades about 0.05 of its potential returns per unit of risk. AMFAHI 3833 11 MAR 51 is currently generating about -0.05 per unit of risk. If you would invest 1,688 in ATT Inc on September 3, 2024 and sell it today you would earn a total of 628.00 from holding ATT Inc or generate 37.2% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 21.62% |
| Values | Daily Returns |
ATT Inc vs. AMFAHI 3833 11 MAR 51
Performance |
| Timeline |
| ATT Inc |
| AMFAHI 3833 11 |
ATT and AMFAHI Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with ATT and AMFAHI
The main advantage of trading using opposite ATT and AMFAHI positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ATT position performs unexpectedly, AMFAHI 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 AMFAHI will offset losses from the drop in AMFAHI's long position.| ATT vs. Highway Holdings Limited | ATT vs. QCR Holdings | ATT vs. Partner Communications | ATT vs. Acumen Pharmaceuticals |
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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