Correlation Between Bittnet Systems and Infinity Capital
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By analyzing existing cross correlation between Bittnet Systems SA and Infinity Capital Investments, you can compare the effects of market volatilities on Bittnet Systems and Infinity Capital 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 Bittnet Systems with a short position of Infinity Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bittnet Systems and Infinity Capital.
Diversification Opportunities for Bittnet Systems and Infinity Capital
-0.24 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Bittnet and Infinity is -0.24. Overlapping area represents the amount of risk that can be diversified away by holding Bittnet Systems SA and Infinity Capital Investments in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Infinity Capital Inv and Bittnet Systems 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 Bittnet Systems SA are associated (or correlated) with Infinity Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Infinity Capital Inv has no effect on the direction of Bittnet Systems i.e., Bittnet Systems and Infinity Capital go up and down completely randomly.
Pair Corralation between Bittnet Systems and Infinity Capital
Assuming the 90 days trading horizon Bittnet Systems SA is expected to under-perform the Infinity Capital. In addition to that, Bittnet Systems is 5.56 times more volatile than Infinity Capital Investments. It trades about -0.09 of its total potential returns per unit of risk. Infinity Capital Investments is currently generating about 0.25 per unit of volatility. If you would invest 237.00 in Infinity Capital Investments on October 7, 2024 and sell it today you would earn a total of 6.00 from holding Infinity Capital Investments or generate 2.53% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Against |
Strength | Insignificant |
Accuracy | 100.0% |
Values | Daily Returns |
Bittnet Systems SA vs. Infinity Capital Investments
Performance |
Timeline |
Bittnet Systems SA |
Infinity Capital Inv |
Bittnet Systems and Infinity Capital Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Bittnet Systems and Infinity Capital
The main advantage of trading using opposite Bittnet Systems and Infinity Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bittnet Systems position performs unexpectedly, Infinity Capital 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 Infinity Capital will offset losses from the drop in Infinity Capital's long position.Bittnet Systems vs. IM Vinaria Purcari | Bittnet Systems vs. Digi Communications NV | Bittnet Systems vs. Biofarm Bucure | Bittnet Systems vs. Infinity Capital Investments |
Infinity Capital vs. Evergent Investments SA | Infinity Capital vs. TRANSILVANIA LEASING SI | Infinity Capital vs. IM Vinaria Purcari |
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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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