Correlation Between Tikehau Capital and Wendel
Can any of the company-specific risk be diversified away by investing in both Tikehau Capital and Wendel 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 Tikehau Capital and Wendel into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Tikehau Capital and Wendel, you can compare the effects of market volatilities on Tikehau Capital and Wendel 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 Tikehau Capital with a short position of Wendel. Check out your portfolio center. Please also check ongoing floating volatility patterns of Tikehau Capital and Wendel.
Diversification Opportunities for Tikehau Capital and Wendel
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Tikehau and Wendel is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Tikehau Capital and Wendel in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Wendel and Tikehau Capital 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 Tikehau Capital are associated (or correlated) with Wendel. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Wendel has no effect on the direction of Tikehau Capital i.e., Tikehau Capital and Wendel go up and down completely randomly.
Pair Corralation between Tikehau Capital and Wendel
If you would invest 0.00 in Tikehau Capital on January 14, 2025 and sell it today you would earn a total of 0.00 from holding Tikehau Capital or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 4.76% |
| Values | Daily Returns |
Tikehau Capital vs. Wendel
Performance |
| Timeline |
| Tikehau Capital |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
| Wendel |
Tikehau Capital and Wendel Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Tikehau Capital and Wendel
The main advantage of trading using opposite Tikehau Capital and Wendel positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Tikehau Capital position performs unexpectedly, Wendel 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 Wendel will offset losses from the drop in Wendel's long position.| Tikehau Capital vs. Wendel | Tikehau Capital vs. SPIE SA | Tikehau Capital vs. Amundi SA | Tikehau Capital vs. Edenred SA |
| Wendel vs. Groep Brussel Lambert | Wendel vs. Ackermans Van Haaren | Wendel vs. SEB SA | Wendel vs. Bollore 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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