Correlation Between AB International and Inpixon
Can any of the company-specific risk be diversified away by investing in both AB International and Inpixon at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining AB International and Inpixon into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between AB International Group and Inpixon, you can compare the effects of market volatilities on AB International and Inpixon 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 AB International with a short position of Inpixon. Check out your portfolio center. Please also check ongoing floating volatility patterns of AB International and Inpixon.
Diversification Opportunities for AB International and Inpixon
-0.12 | Correlation Coefficient |
Good diversification
The 3 months correlation between ABQQ and Inpixon is -0.12. Overlapping area represents the amount of risk that can be diversified away by holding AB International Group and Inpixon in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Inpixon and AB International 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 AB International Group are associated (or correlated) with Inpixon. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Inpixon has no effect on the direction of AB International i.e., AB International and Inpixon go up and down completely randomly.
Pair Corralation between AB International and Inpixon
If you would invest 0.05 in AB International Group on September 10, 2024 and sell it today you would earn a total of 0.06 from holding AB International Group or generate 120.0% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Against |
Strength | Insignificant |
Accuracy | 5.0% |
Values | Daily Returns |
AB International Group vs. Inpixon
Performance |
Timeline |
AB International |
Inpixon |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
AB International and Inpixon Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with AB International and Inpixon
The main advantage of trading using opposite AB International and Inpixon positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AB International position performs unexpectedly, Inpixon 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 Inpixon will offset losses from the drop in Inpixon's long position.AB International vs. Peer To Peer | AB International vs. AppYea Inc | AB International vs. Image Protect | AB International vs. Bowmo Inc |
Inpixon vs. Trust Stamp | Inpixon vs. HeartCore Enterprises | Inpixon vs. SoundHound AI | Inpixon vs. Infobird Co |
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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Other Complementary Tools
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world |