Correlation Between BPCEGP and Integral
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By analyzing existing cross correlation between BPCEGP 1625 14 JAN 25 and Integral Ad Science, you can compare the effects of market volatilities on BPCEGP and Integral 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 BPCEGP with a short position of Integral. Check out your portfolio center. Please also check ongoing floating volatility patterns of BPCEGP and Integral.
Diversification Opportunities for BPCEGP and Integral
Average diversification
The 3 months correlation between BPCEGP and Integral is 0.1. Overlapping area represents the amount of risk that can be diversified away by holding BPCEGP 1625 14 JAN 25 and Integral Ad Science in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Integral Ad Science and BPCEGP 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 BPCEGP 1625 14 JAN 25 are associated (or correlated) with Integral. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Integral Ad Science has no effect on the direction of BPCEGP i.e., BPCEGP and Integral go up and down completely randomly.
Pair Corralation between BPCEGP and Integral
Assuming the 90 days trading horizon BPCEGP 1625 14 JAN 25 is expected to under-perform the Integral. But the bond apears to be less risky and, when comparing its historical volatility, BPCEGP 1625 14 JAN 25 is 1.83 times less risky than Integral. The bond trades about -0.14 of its potential returns per unit of risk. The Integral Ad Science is currently generating about -0.06 of returns per unit of risk over similar time horizon. If you would invest 1,192 in Integral Ad Science on August 31, 2024 and sell it today you would lose (73.00) from holding Integral Ad Science or give up 6.12% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 40.91% |
| Values | Daily Returns |
BPCEGP 1625 14 JAN 25 vs. Integral Ad Science
Performance |
| Timeline |
| BPCEGP 1625 14 |
| Integral Ad Science |
BPCEGP and Integral Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BPCEGP and Integral
The main advantage of trading using opposite BPCEGP and Integral positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BPCEGP position performs unexpectedly, Integral 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 Integral will offset losses from the drop in Integral's long position.| BPCEGP vs. Chester Mining | BPCEGP vs. Teleflex Incorporated | BPCEGP vs. NioCorp Developments Ltd | BPCEGP vs. Black Hills |
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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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