Correlation Between LBTCOR and Assurant
Specify exactly 2 symbols:
By analyzing existing cross correlation between LBTCOR 10875 15 JAN 31 and Assurant, you can compare the effects of market volatilities on LBTCOR and Assurant 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 LBTCOR with a short position of Assurant. Check out your portfolio center. Please also check ongoing floating volatility patterns of LBTCOR and Assurant.
Diversification Opportunities for LBTCOR and Assurant
Pay attention - limited upside
The 3 months correlation between LBTCOR and Assurant is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding LBTCOR 10875 15 JAN 31 and Assurant in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Assurant and LBTCOR 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 LBTCOR 10875 15 JAN 31 are associated (or correlated) with Assurant. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Assurant has no effect on the direction of LBTCOR i.e., LBTCOR and Assurant go up and down completely randomly.
Pair Corralation between LBTCOR and Assurant
If you would invest 12,627 in Assurant on September 12, 2024 and sell it today you would earn a total of 9,004 from holding Assurant or generate 71.31% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
LBTCOR 10875 15 JAN 31 vs. Assurant
Performance |
| Timeline |
| LBTCOR 10875 15 |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| Assurant |
LBTCOR and Assurant Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with LBTCOR and Assurant
The main advantage of trading using opposite LBTCOR and Assurant positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if LBTCOR position performs unexpectedly, Assurant 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 Assurant will offset losses from the drop in Assurant's long position.| LBTCOR vs. Shake Shack | LBTCOR vs. Freedom Holding Corp | LBTCOR vs. Yum Brands | LBTCOR vs. SBM Offshore NV |
| Assurant vs. Assured Guaranty | Assurant vs. Ambac Financial Group | Assurant vs. AMERISAFE | Assurant vs. Enact Holdings |
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Other Complementary Tools
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |