Correlation Between Trastor Real and Admie Holding
Specify exactly 2 symbols:
By analyzing existing cross correlation between Trastor Real Estate and Admie Holding SA, you can compare the effects of market volatilities on Trastor Real and Admie Holding 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 Trastor Real with a short position of Admie Holding. Check out your portfolio center. Please also check ongoing floating volatility patterns of Trastor Real and Admie Holding.
Diversification Opportunities for Trastor Real and Admie Holding
-0.65 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Trastor and Admie is -0.65. Overlapping area represents the amount of risk that can be diversified away by holding Trastor Real Estate and Admie Holding SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Admie Holding SA and Trastor Real 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 Trastor Real Estate are associated (or correlated) with Admie Holding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Admie Holding SA has no effect on the direction of Trastor Real i.e., Trastor Real and Admie Holding go up and down completely randomly.
Pair Corralation between Trastor Real and Admie Holding
Assuming the 90 days trading horizon Trastor Real is expected to generate 4.33 times less return on investment than Admie Holding. But when comparing it to its historical volatility, Trastor Real Estate is 1.61 times less risky than Admie Holding. It trades about 0.07 of its potential returns per unit of risk. Admie Holding SA is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest 236.00 in Admie Holding SA on September 4, 2024 and sell it today you would earn a total of 10.00 from holding Admie Holding SA or generate 4.24% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Trastor Real Estate vs. Admie Holding SA
Performance |
| Timeline |
| Trastor Real Estate |
| Admie Holding SA |
Trastor Real and Admie Holding Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Trastor Real and Admie Holding
The main advantage of trading using opposite Trastor Real and Admie Holding positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Trastor Real position performs unexpectedly, Admie Holding 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 Admie Holding will offset losses from the drop in Admie Holding's long position.| Trastor Real vs. Admie Holding SA | Trastor Real vs. National Bank of | Trastor Real vs. Eurobank Ergasias Services | Trastor Real vs. Vogiatzoglou Systems SA |
| Admie Holding vs. Public Power | Admie Holding vs. Mytilineos SA | Admie Holding vs. Hellenic Petroleum SA | Admie Holding vs. Greek Organization of |
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 Stocks Directory module to find actively traded stocks across global markets.
Other Complementary Tools
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device |