Correlation Between EXELON and Freedom Internet
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By analyzing existing cross correlation between EXELON GENERATION LLC and Freedom Internet Group, you can compare the effects of market volatilities on EXELON and Freedom Internet 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 EXELON with a short position of Freedom Internet. Check out your portfolio center. Please also check ongoing floating volatility patterns of EXELON and Freedom Internet.
Diversification Opportunities for EXELON and Freedom Internet
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between EXELON and Freedom is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding EXELON GENERATION LLC and Freedom Internet Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Freedom Internet and EXELON 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 EXELON GENERATION LLC are associated (or correlated) with Freedom Internet. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Freedom Internet has no effect on the direction of EXELON i.e., EXELON and Freedom Internet go up and down completely randomly.
Pair Corralation between EXELON and Freedom Internet
If you would invest 9,659 in EXELON GENERATION LLC on October 23, 2024 and sell it today you would earn a total of 480.00 from holding EXELON GENERATION LLC or generate 4.97% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
EXELON GENERATION LLC vs. Freedom Internet Group
Performance |
| Timeline |
| EXELON GENERATION LLC |
| Freedom Internet |
EXELON and Freedom Internet Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with EXELON and Freedom Internet
The main advantage of trading using opposite EXELON and Freedom Internet positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if EXELON position performs unexpectedly, Freedom Internet 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 Freedom Internet will offset losses from the drop in Freedom Internet's long position.| EXELON vs. Freedom Internet Group | EXELON vs. GMO Internet | EXELON vs. Western Digital | EXELON vs. Integral Ad Science |
| Freedom Internet vs. Awilco Drilling PLC | Freedom Internet vs. Delek Drilling | Freedom Internet vs. AKITA Drilling | Freedom Internet vs. Nippon Steel Corp |
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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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