Correlation Between G Willi and IBI Mutual
Specify exactly 2 symbols:
By analyzing existing cross correlation between G Willi Food International and IBI Mutual Funds, you can compare the effects of market volatilities on G Willi and IBI Mutual 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 G Willi with a short position of IBI Mutual. Check out your portfolio center. Please also check ongoing floating volatility patterns of G Willi and IBI Mutual.
Diversification Opportunities for G Willi and IBI Mutual
-0.47 | Correlation Coefficient |
Very good diversification
The 3 months correlation between WILC and IBI is -0.47. Overlapping area represents the amount of risk that can be diversified away by holding G Willi Food International and IBI Mutual Funds in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on IBI Mutual Funds and G Willi 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 G Willi Food International are associated (or correlated) with IBI Mutual. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IBI Mutual Funds has no effect on the direction of G Willi i.e., G Willi and IBI Mutual go up and down completely randomly.
Pair Corralation between G Willi and IBI Mutual
Assuming the 90 days trading horizon G Willi Food International is expected to generate 0.66 times more return on investment than IBI Mutual. However, G Willi Food International is 1.51 times less risky than IBI Mutual. It trades about 0.28 of its potential returns per unit of risk. IBI Mutual Funds is currently generating about 0.03 per unit of risk. If you would invest 591,400 in G Willi Food International on November 29, 2024 and sell it today you would earn a total of 29,600 from holding G Willi Food International or generate 5.01% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
G Willi Food International vs. IBI Mutual Funds
Performance |
| Timeline |
| G Willi Food |
| IBI Mutual Funds |
G Willi and IBI Mutual Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with G Willi and IBI Mutual
The main advantage of trading using opposite G Willi and IBI Mutual positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if G Willi position performs unexpectedly, IBI Mutual 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 IBI Mutual will offset losses from the drop in IBI Mutual's long position.| G Willi vs. Golan Plastic | G Willi vs. Analyst IMS Investment | G Willi vs. Teuza A Fairchild | G Willi vs. Harel Insurance Investments |
| IBI Mutual vs. Abra Information Technologies | IBI Mutual vs. Payment Financial Technologies | IBI Mutual vs. Unic tech Limited Partnership | IBI Mutual vs. Orbit Technologies |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Other Complementary Tools
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |