Correlation Between STANLN and Pinterest
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By analyzing existing cross correlation between STANLN 32 17 APR 25 and Pinterest, you can compare the effects of market volatilities on STANLN and Pinterest 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 STANLN with a short position of Pinterest. Check out your portfolio center. Please also check ongoing floating volatility patterns of STANLN and Pinterest.
Diversification Opportunities for STANLN and Pinterest
Excellent diversification
The 3 months correlation between STANLN and Pinterest is -0.51. Overlapping area represents the amount of risk that can be diversified away by holding STANLN 32 17 APR 25 and Pinterest in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Pinterest and STANLN 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 STANLN 32 17 APR 25 are associated (or correlated) with Pinterest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Pinterest has no effect on the direction of STANLN i.e., STANLN and Pinterest go up and down completely randomly.
Pair Corralation between STANLN and Pinterest
Assuming the 90 days trading horizon STANLN is expected to generate 32.79 times less return on investment than Pinterest. But when comparing it to its historical volatility, STANLN 32 17 APR 25 is 192.5 times less risky than Pinterest. It trades about 0.58 of its potential returns per unit of risk. Pinterest is currently generating about 0.1 of returns per unit of risk over similar time horizon. If you would invest 2,947 in Pinterest on October 24, 2024 and sell it today you would earn a total of 106.00 from holding Pinterest or generate 3.6% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 16.67% |
| Values | Daily Returns |
STANLN 32 17 APR 25 vs. Pinterest
Performance |
| Timeline |
| STANLN 32 17 |
STANLN and Pinterest Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with STANLN and Pinterest
The main advantage of trading using opposite STANLN and Pinterest positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if STANLN position performs unexpectedly, Pinterest 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 Pinterest will offset losses from the drop in Pinterest's long position.| STANLN vs. AEP TEX INC | STANLN vs. US BANK NATIONAL | STANLN vs. Cheniere Energy | STANLN vs. Targa Resources |
| Pinterest vs. Twilio Inc | Pinterest vs. Meta Platforms | Pinterest vs. Alphabet Inc Class C | Pinterest vs. Alphabet Inc Class A |
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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