Correlation Between Ab Fixed and Nasdaq 100
Can any of the company-specific risk be diversified away by investing in both Ab Fixed and Nasdaq 100 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 Fixed and Nasdaq 100 into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Ab Fixed Income Shares and Nasdaq 100 2x Strategy, you can compare the effects of market volatilities on Ab Fixed and Nasdaq 100 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 Fixed with a short position of Nasdaq 100. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ab Fixed and Nasdaq 100.
Diversification Opportunities for Ab Fixed and Nasdaq 100
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between AECXX and Nasdaq is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Ab Fixed Income Shares and Nasdaq 100 2x Strategy in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Nasdaq 100 2x and Ab Fixed 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 Fixed Income Shares are associated (or correlated) with Nasdaq 100. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Nasdaq 100 2x has no effect on the direction of Ab Fixed i.e., Ab Fixed and Nasdaq 100 go up and down completely randomly.
Pair Corralation between Ab Fixed and Nasdaq 100
If you would invest 36,628 in Nasdaq 100 2x Strategy on September 15, 2024 and sell it today you would earn a total of 5,216 from holding Nasdaq 100 2x Strategy or generate 14.24% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Flat |
Strength | Insignificant |
Accuracy | 81.25% |
Values | Daily Returns |
Ab Fixed Income Shares vs. Nasdaq 100 2x Strategy
Performance |
Timeline |
Ab Fixed Income |
Nasdaq 100 2x |
Ab Fixed and Nasdaq 100 Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Ab Fixed and Nasdaq 100
The main advantage of trading using opposite Ab Fixed and Nasdaq 100 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ab Fixed position performs unexpectedly, Nasdaq 100 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 Nasdaq 100 will offset losses from the drop in Nasdaq 100's long position.Ab Fixed vs. Ab Small Cap | ||
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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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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