Correlation Between Tradeweb Markets and EXELON
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By analyzing existing cross correlation between Tradeweb Markets and EXELON GENERATION LLC, you can compare the effects of market volatilities on Tradeweb Markets and EXELON 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 Tradeweb Markets with a short position of EXELON. Check out your portfolio center. Please also check ongoing floating volatility patterns of Tradeweb Markets and EXELON.
Diversification Opportunities for Tradeweb Markets and EXELON
-0.42 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Tradeweb and EXELON is -0.42. Overlapping area represents the amount of risk that can be diversified away by holding Tradeweb Markets and EXELON GENERATION LLC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on EXELON GENERATION LLC and Tradeweb Markets 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 Tradeweb Markets are associated (or correlated) with EXELON. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EXELON GENERATION LLC has no effect on the direction of Tradeweb Markets i.e., Tradeweb Markets and EXELON go up and down completely randomly.
Pair Corralation between Tradeweb Markets and EXELON
Allowing for the 90-day total investment horizon Tradeweb Markets is expected to generate 1.4 times more return on investment than EXELON. However, Tradeweb Markets is 1.4 times more volatile than EXELON GENERATION LLC. It trades about 0.11 of its potential returns per unit of risk. EXELON GENERATION LLC is currently generating about 0.0 per unit of risk. If you would invest 6,388 in Tradeweb Markets on August 28, 2024 and sell it today you would earn a total of 7,112 from holding Tradeweb Markets or generate 111.33% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 89.9% |
| Values | Daily Returns |
Tradeweb Markets vs. EXELON GENERATION LLC
Performance |
| Timeline |
| Tradeweb Markets |
| EXELON GENERATION LLC |
Tradeweb Markets and EXELON Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Tradeweb Markets and EXELON
The main advantage of trading using opposite Tradeweb Markets and EXELON positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Tradeweb Markets position performs unexpectedly, EXELON 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 EXELON will offset losses from the drop in EXELON's long position.| Tradeweb Markets vs. Raymond James Financial | Tradeweb Markets vs. PJT Partners | Tradeweb Markets vs. Moelis Co | Tradeweb Markets vs. LPL Financial Holdings |
| EXELON vs. AEP TEX INC | EXELON vs. US BANK NATIONAL | EXELON vs. Dupont De Nemours | EXELON vs. The Travelers Companies |
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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