Correlation Between WIG 30 and All In
Specify exactly 2 symbols:
By analyzing existing cross correlation between WIG 30 and All In Games, you can compare the effects of market volatilities on WIG 30 and All In 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 WIG 30 with a short position of All In. Check out your portfolio center. Please also check ongoing floating volatility patterns of WIG 30 and All In.
Diversification Opportunities for WIG 30 and All In
Very good diversification
The 3 months correlation between WIG and All is -0.37. Overlapping area represents the amount of risk that can be diversified away by holding WIG 30 and All In Games in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on All In Games and WIG 30 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 WIG 30 are associated (or correlated) with All In. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of All In Games has no effect on the direction of WIG 30 i.e., WIG 30 and All In go up and down completely randomly.
Pair Corralation between WIG 30 and All In
Assuming the 90 days trading horizon WIG 30 is expected to under-perform the All In. But the index apears to be less risky and, when comparing its historical volatility, WIG 30 is 4.07 times less risky than All In. The index trades about -0.05 of its potential returns per unit of risk. The All In Games is currently generating about 0.0 of returns per unit of risk over similar time horizon. If you would invest 144.00 in All In Games on September 2, 2024 and sell it today you would lose (25.00) from holding All In Games or give up 17.36% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
WIG 30 vs. All In Games
Performance |
| Timeline |
WIG 30 and All In Volatility Contrast
Predicted Return Density |
| Returns |
WIG 30
Pair trading matchups for WIG 30
All In Games
Pair trading matchups for All In
Pair Trading with WIG 30 and All In
The main advantage of trading using opposite WIG 30 and All In positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if WIG 30 position performs unexpectedly, All In 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 All In will offset losses from the drop in All In's long position.| WIG 30 vs. Skyline Investment SA | WIG 30 vs. CI Games SA | WIG 30 vs. Echo Investment SA | WIG 30 vs. Varsav Game Studios |
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..
Other Complementary Tools
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |