Correlation Between Solusi Sinergi and Aesler Grup
Can any of the company-specific risk be diversified away by investing in both Solusi Sinergi and Aesler Grup at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Solusi Sinergi and Aesler Grup into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Solusi Sinergi Digital and Aesler Grup Internasional, you can compare the effects of market volatilities on Solusi Sinergi and Aesler Grup 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 Solusi Sinergi with a short position of Aesler Grup. Check out your portfolio center. Please also check ongoing floating volatility patterns of Solusi Sinergi and Aesler Grup.
Diversification Opportunities for Solusi Sinergi and Aesler Grup
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Solusi and Aesler is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Solusi Sinergi Digital and Aesler Grup Internasional in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Aesler Grup Internasional and Solusi Sinergi 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 Solusi Sinergi Digital are associated (or correlated) with Aesler Grup. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Aesler Grup Internasional has no effect on the direction of Solusi Sinergi i.e., Solusi Sinergi and Aesler Grup go up and down completely randomly.
Pair Corralation between Solusi Sinergi and Aesler Grup
If you would invest 38,000 in Solusi Sinergi Digital on September 4, 2024 and sell it today you would earn a total of 4,200 from holding Solusi Sinergi Digital or generate 11.05% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Solusi Sinergi Digital vs. Aesler Grup Internasional
Performance |
| Timeline |
| Solusi Sinergi Digital |
| Aesler Grup Internasional |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Solusi Sinergi and Aesler Grup Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Solusi Sinergi and Aesler Grup
The main advantage of trading using opposite Solusi Sinergi and Aesler Grup positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Solusi Sinergi position performs unexpectedly, Aesler Grup 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 Aesler Grup will offset losses from the drop in Aesler Grup's long position.| Solusi Sinergi vs. Kioson Komersial Indonesia | Solusi Sinergi vs. Gaya Abadi Sempurna | Solusi Sinergi vs. Surya Permata Andalan | Solusi Sinergi vs. Mahaka Radio Integra |
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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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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