Correlation Between 225401AY4 and Dow Jones
Specify exactly 2 symbols:
By analyzing existing cross correlation between CS 6373 15 JUL 26 and Dow Jones Industrial, you can compare the effects of market volatilities on 225401AY4 and Dow Jones 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 225401AY4 with a short position of Dow Jones. Check out your portfolio center. Please also check ongoing floating volatility patterns of 225401AY4 and Dow Jones.
Diversification Opportunities for 225401AY4 and Dow Jones
Very good diversification
The 3 months correlation between 225401AY4 and Dow is -0.4. Overlapping area represents the amount of risk that can be diversified away by holding CS 6373 15 JUL 26 and Dow Jones Industrial in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dow Jones Industrial and 225401AY4 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 CS 6373 15 JUL 26 are associated (or correlated) with Dow Jones. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dow Jones Industrial has no effect on the direction of 225401AY4 i.e., 225401AY4 and Dow Jones go up and down completely randomly.
Pair Corralation between 225401AY4 and Dow Jones
Assuming the 90 days trading horizon CS 6373 15 JUL 26 is expected to under-perform the Dow Jones. But the bond apears to be less risky and, when comparing its historical volatility, CS 6373 15 JUL 26 is 2.36 times less risky than Dow Jones. The bond trades about -0.26 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating about 0.37 of returns per unit of risk over similar time horizon. If you would invest 4,176,346 in Dow Jones Industrial on September 1, 2024 and sell it today you would earn a total of 314,719 from holding Dow Jones Industrial or generate 7.54% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 61.9% |
| Values | Daily Returns |
CS 6373 15 JUL 26 vs. Dow Jones Industrial
Performance |
| Timeline |
225401AY4 and Dow Jones Volatility Contrast
Predicted Return Density |
| Returns |
CS 6373 15 JUL 26
Pair trading matchups for 225401AY4
Dow Jones Industrial
Pair trading matchups for Dow Jones
Pair Trading with 225401AY4 and Dow Jones
The main advantage of trading using opposite 225401AY4 and Dow Jones positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if 225401AY4 position performs unexpectedly, Dow Jones 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 Dow Jones will offset losses from the drop in Dow Jones' long position.| 225401AY4 vs. Arrow Electronics | 225401AY4 vs. NL Industries | 225401AY4 vs. Plexus Corp | 225401AY4 vs. Stepan Company |
| Dow Jones vs. Catalyst Pharmaceuticals | Dow Jones vs. Sphere Entertainment Co | Dow Jones vs. National CineMedia | Dow Jones vs. Mink Therapeutics |
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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Other Complementary Tools
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |