Correlation Between IM Vinaria and Infinity Capital
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By analyzing existing cross correlation between IM Vinaria Purcari and Infinity Capital Investments, you can compare the effects of market volatilities on IM Vinaria and Infinity Capital 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 IM Vinaria with a short position of Infinity Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of IM Vinaria and Infinity Capital.
Diversification Opportunities for IM Vinaria and Infinity Capital
-0.4 | Correlation Coefficient |
Very good diversification
The 3 months correlation between WINE and Infinity is -0.4. Overlapping area represents the amount of risk that can be diversified away by holding IM Vinaria Purcari and Infinity Capital Investments in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Infinity Capital Inv and IM Vinaria 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 IM Vinaria Purcari are associated (or correlated) with Infinity Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Infinity Capital Inv has no effect on the direction of IM Vinaria i.e., IM Vinaria and Infinity Capital go up and down completely randomly.
Pair Corralation between IM Vinaria and Infinity Capital
Assuming the 90 days trading horizon IM Vinaria Purcari is expected to generate 0.26 times more return on investment than Infinity Capital. However, IM Vinaria Purcari is 3.86 times less risky than Infinity Capital. It trades about 0.16 of its potential returns per unit of risk. Infinity Capital Investments is currently generating about -0.03 per unit of risk. If you would invest 1,486 in IM Vinaria Purcari on August 24, 2024 and sell it today you would earn a total of 16.00 from holding IM Vinaria Purcari or generate 1.08% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
IM Vinaria Purcari vs. Infinity Capital Investments
Performance |
| Timeline |
| IM Vinaria Purcari |
| Infinity Capital Inv |
IM Vinaria and Infinity Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with IM Vinaria and Infinity Capital
The main advantage of trading using opposite IM Vinaria and Infinity Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if IM Vinaria position performs unexpectedly, Infinity Capital 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 Infinity Capital will offset losses from the drop in Infinity Capital's long position.| IM Vinaria vs. AROBS TRANSILVANIA SOFTWARE | IM Vinaria vs. Infinity Capital Investments | IM Vinaria vs. Biofarm Bucure | IM Vinaria vs. Compania Hoteliera InterContinental |
| Infinity Capital vs. TRANSILVANIA INVESTMENTS ALLIANCE | Infinity Capital vs. Remarul 16 Februarie | Infinity Capital vs. TRANSILVANIA LEASING SI | Infinity Capital vs. Biofarm Bucure |
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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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