Correlation Between Uniswap Protocol and ABL
Can any of the company-specific risk be diversified away by investing in both Uniswap Protocol and ABL 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 Uniswap Protocol and ABL into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Uniswap Protocol Token and ABL, you can compare the effects of market volatilities on Uniswap Protocol and ABL 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 Uniswap Protocol with a short position of ABL. Check out your portfolio center. Please also check ongoing floating volatility patterns of Uniswap Protocol and ABL.
Diversification Opportunities for Uniswap Protocol and ABL
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Uniswap and ABL is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Uniswap Protocol Token and ABL in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ABL and Uniswap Protocol 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 Uniswap Protocol Token are associated (or correlated) with ABL. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ABL has no effect on the direction of Uniswap Protocol i.e., Uniswap Protocol and ABL go up and down completely randomly.
Pair Corralation between Uniswap Protocol and ABL
If you would invest (100.00) in ABL on November 8, 2024 and sell it today you would earn a total of 100.00 from holding ABL or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Uniswap Protocol Token vs. ABL
Performance |
| Timeline |
| Uniswap Protocol Token |
| ABL |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Uniswap Protocol and ABL Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Uniswap Protocol and ABL
The main advantage of trading using opposite Uniswap Protocol and ABL positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Uniswap Protocol position performs unexpectedly, ABL 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 ABL will offset losses from the drop in ABL's long position.| Uniswap Protocol vs. Staked Ether | Uniswap Protocol vs. Phala Network | Uniswap Protocol vs. EigenLayer | Uniswap Protocol vs. EOSDAC |
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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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