Correlation Between Aftermaster and Lingerie Fighting

Can any of the company-specific risk be diversified away by investing in both Aftermaster and Lingerie Fighting 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 Aftermaster and Lingerie Fighting into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Aftermaster and Lingerie Fighting Championships, you can compare the effects of market volatilities on Aftermaster and Lingerie Fighting 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 Aftermaster with a short position of Lingerie Fighting. Check out your portfolio center. Please also check ongoing floating volatility patterns of Aftermaster and Lingerie Fighting.

Diversification Opportunities for Aftermaster and Lingerie Fighting

0.44

Correlation Coefficient

Aftermaster  Lingerie Fighting

Very weak diversification

The 3 months correlation between Aftermaster and Lingerie is 0.44. Overlapping area represents the amount of risk that can be diversified away by holding Aftermaster and Lingerie Fighting Championship in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Lingerie Fighting and Aftermaster 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 Aftermaster are associated (or correlated) with Lingerie Fighting. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Lingerie Fighting has no effect on the direction of Aftermaster i.e., Aftermaster and Lingerie Fighting go up and down completely randomly.

Pair Corralation between Aftermaster and Lingerie Fighting

If you would invest  0.02  in Lingerie Fighting Championships on December 1, 2024 and sell it today you would lose (0.01) from holding Lingerie Fighting Championships or give up 50.0% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	95.24%
Values	Daily Returns

Aftermaster  vs.  Lingerie Fighting Championship

Aftermaster

Risk-Adjusted Performance

Very Weak

Over the last 90 days Aftermaster has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in April 2025. The recent disarray may also be a sign of long period up-swing for the firm investors.

Lingerie Fighting

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Lingerie Fighting Championships are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unfluctuating basic indicators, Lingerie Fighting showed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Aftermaster and Lingerie Fighting

The main advantage of trading using opposite Aftermaster and Lingerie Fighting positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Aftermaster position performs unexpectedly, Lingerie Fighting 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 Lingerie Fighting will offset losses from the drop in Lingerie Fighting's long position.

The idea behind Aftermaster and Lingerie Fighting Championships pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..