Correlation Between Banque Cantonale and CSIF I
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By analyzing existing cross correlation between Banque Cantonale du and CSIF I Bond, you can compare the effects of market volatilities on Banque Cantonale and CSIF I 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 Banque Cantonale with a short position of CSIF I. Check out your portfolio center. Please also check ongoing floating volatility patterns of Banque Cantonale and CSIF I.
Diversification Opportunities for Banque Cantonale and CSIF I
-0.46 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Banque and CSIF is -0.46. Overlapping area represents the amount of risk that can be diversified away by holding Banque Cantonale du and CSIF I Bond in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CSIF I Bond and Banque Cantonale 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 Banque Cantonale du are associated (or correlated) with CSIF I. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CSIF I Bond has no effect on the direction of Banque Cantonale i.e., Banque Cantonale and CSIF I go up and down completely randomly.
Pair Corralation between Banque Cantonale and CSIF I
Assuming the 90 days trading horizon Banque Cantonale du is expected to under-perform the CSIF I. In addition to that, Banque Cantonale is 2.42 times more volatile than CSIF I Bond. It trades about -0.09 of its total potential returns per unit of risk. CSIF I Bond is currently generating about 0.28 per unit of volatility. If you would invest 66,183 in CSIF I Bond on September 20, 2024 and sell it today you would earn a total of 1,010 from holding CSIF I Bond or generate 1.53% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 95.45% |
| Values | Daily Returns |
Banque Cantonale du vs. CSIF I Bond
Performance |
| Timeline |
| Banque Cantonale |
| CSIF I Bond |
Banque Cantonale and CSIF I Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Banque Cantonale and CSIF I
The main advantage of trading using opposite Banque Cantonale and CSIF I positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Banque Cantonale position performs unexpectedly, CSIF I 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 CSIF I will offset losses from the drop in CSIF I's long position.| Banque Cantonale vs. Banque Cantonale | Banque Cantonale vs. Berner Kantonalbank AG | Banque Cantonale vs. Luzerner Kantonalbank AG | Banque Cantonale vs. Banque Cantonale de |
| CSIF I vs. SPDR Dow Jones | CSIF I vs. Baloise Holding AG | CSIF I vs. Banque Cantonale du | CSIF I vs. 21Shares Polkadot ETP |
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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