Correlation Between TEN SQUARE and Apator SA
Can any of the company-specific risk be diversified away by investing in both TEN SQUARE and Apator SA at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining TEN SQUARE and Apator SA into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between TEN SQUARE GAMES and Apator SA, you can compare the effects of market volatilities on TEN SQUARE and Apator SA 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 TEN SQUARE with a short position of Apator SA. Check out your portfolio center. Please also check ongoing floating volatility patterns of TEN SQUARE and Apator SA.
Diversification Opportunities for TEN SQUARE and Apator SA
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between TEN and Apator is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding TEN SQUARE GAMES and Apator SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Apator SA and TEN SQUARE 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 TEN SQUARE GAMES are associated (or correlated) with Apator SA. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Apator SA has no effect on the direction of TEN SQUARE i.e., TEN SQUARE and Apator SA go up and down completely randomly.
Pair Corralation between TEN SQUARE and Apator SA
If you would invest 7,655 in TEN SQUARE GAMES on November 3, 2024 and sell it today you would earn a total of 180.00 from holding TEN SQUARE GAMES or generate 2.35% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 4.55% |
| Values | Daily Returns |
TEN SQUARE GAMES vs. Apator SA
Performance |
| Timeline |
| TEN SQUARE GAMES |
| Apator SA |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
TEN SQUARE and Apator SA Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with TEN SQUARE and Apator SA
The main advantage of trading using opposite TEN SQUARE and Apator SA positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if TEN SQUARE position performs unexpectedly, Apator SA 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 Apator SA will offset losses from the drop in Apator SA's long position.| TEN SQUARE vs. CD PROJEKT SA | TEN SQUARE vs. PLAYWAY SA | TEN SQUARE vs. 11 bit studios | TEN SQUARE vs. CI Games SA |
| Apator SA vs. Movie Games SA | Apator SA vs. Creativeforge Games SA | Apator SA vs. All In Games | Apator SA vs. Mercator Medical SA |
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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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