Correlation Between Banque Cantonale and CSIF III
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By analyzing existing cross correlation between Banque Cantonale du and CSIF III Eq, you can compare the effects of market volatilities on Banque Cantonale and CSIF III 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 III. Check out your portfolio center. Please also check ongoing floating volatility patterns of Banque Cantonale and CSIF III.
Diversification Opportunities for Banque Cantonale and CSIF III
-0.85 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Banque and CSIF is -0.85. Overlapping area represents the amount of risk that can be diversified away by holding Banque Cantonale du and CSIF III Eq in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CSIF III Eq 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 III. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CSIF III Eq has no effect on the direction of Banque Cantonale i.e., Banque Cantonale and CSIF III go up and down completely randomly.
Pair Corralation between Banque Cantonale and CSIF III
Assuming the 90 days trading horizon Banque Cantonale du is expected to generate 0.97 times more return on investment than CSIF III. However, Banque Cantonale du is 1.03 times less risky than CSIF III. It trades about 0.04 of its potential returns per unit of risk. CSIF III Eq is currently generating about -0.11 per unit of risk. If you would invest 11,100 in Banque Cantonale du on September 23, 2024 and sell it today you would earn a total of 50.00 from holding Banque Cantonale du or generate 0.45% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 90.91% |
| Values | Daily Returns |
Banque Cantonale du vs. CSIF III Eq
Performance |
| Timeline |
| Banque Cantonale |
| CSIF III Eq |
Banque Cantonale and CSIF III Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Banque Cantonale and CSIF III
The main advantage of trading using opposite Banque Cantonale and CSIF III positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Banque Cantonale position performs unexpectedly, CSIF III 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 III will offset losses from the drop in CSIF III's long position.| Banque Cantonale vs. Banque Cantonale | Banque Cantonale vs. St Galler Kantonalbank | Banque Cantonale vs. Berner Kantonalbank AG | Banque Cantonale vs. Valiant Holding AG |
| CSIF III vs. CSIF III Eq | CSIF III vs. CSIF III Equity | CSIF III vs. CSIF III Equity | CSIF III vs. CSIF I Real |
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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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