Correlation Between Julius Baer and Baloise Swiss
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By analyzing existing cross correlation between Julius Baer Edelweiss and Baloise Swiss Property, you can compare the effects of market volatilities on Julius Baer and Baloise Swiss 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 Julius Baer with a short position of Baloise Swiss. Check out your portfolio center. Please also check ongoing floating volatility patterns of Julius Baer and Baloise Swiss.
Diversification Opportunities for Julius Baer and Baloise Swiss
-0.54 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Julius and Baloise is -0.54. Overlapping area represents the amount of risk that can be diversified away by holding Julius Baer Edelweiss and Baloise Swiss Property in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Baloise Swiss Property and Julius Baer 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 Julius Baer Edelweiss are associated (or correlated) with Baloise Swiss. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Baloise Swiss Property has no effect on the direction of Julius Baer i.e., Julius Baer and Baloise Swiss go up and down completely randomly.
Pair Corralation between Julius Baer and Baloise Swiss
Assuming the 90 days trading horizon Julius Baer Edelweiss is expected to under-perform the Baloise Swiss. But the fund apears to be less risky and, when comparing its historical volatility, Julius Baer Edelweiss is 1.73 times less risky than Baloise Swiss. The fund trades about -0.23 of its potential returns per unit of risk. The Baloise Swiss Property is currently generating about 0.36 of returns per unit of risk over similar time horizon. If you would invest 11,900 in Baloise Swiss Property on September 26, 2024 and sell it today you would earn a total of 800.00 from holding Baloise Swiss Property or generate 6.72% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Against |
Strength | Very Weak |
Accuracy | 95.45% |
Values | Daily Returns |
Julius Baer Edelweiss vs. Baloise Swiss Property
Performance |
Timeline |
Julius Baer Edelweiss |
Baloise Swiss Property |
Julius Baer and Baloise Swiss Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Julius Baer and Baloise Swiss
The main advantage of trading using opposite Julius Baer and Baloise Swiss positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Julius Baer position performs unexpectedly, Baloise Swiss 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 Baloise Swiss will offset losses from the drop in Baloise Swiss' long position.Julius Baer vs. CSIF III Eq | Julius Baer vs. UBS Property | Julius Baer vs. Procimmo Real Estate | Julius Baer vs. Baloise Holding AG |
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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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