Correlation Between AGFiQ Market and FFHG
Can any of the company-specific risk be diversified away by investing in both AGFiQ Market and FFHG 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 AGFiQ Market and FFHG into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between AGFiQ Market Neutral and FFHG, you can compare the effects of market volatilities on AGFiQ Market and FFHG 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 AGFiQ Market with a short position of FFHG. Check out your portfolio center. Please also check ongoing floating volatility patterns of AGFiQ Market and FFHG.
Diversification Opportunities for AGFiQ Market and FFHG
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between AGFiQ and FFHG is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding AGFiQ Market Neutral and FFHG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on FFHG and AGFiQ Market 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 AGFiQ Market Neutral are associated (or correlated) with FFHG. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FFHG has no effect on the direction of AGFiQ Market i.e., AGFiQ Market and FFHG go up and down completely randomly.
Pair Corralation between AGFiQ Market and FFHG
If you would invest 1,742 in AGFiQ Market Neutral on December 5, 2024 and sell it today you would earn a total of 270.00 from holding AGFiQ Market Neutral or generate 15.5% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Flat |
Strength | Insignificant |
Accuracy | 0.0% |
Values | Daily Returns |
AGFiQ Market Neutral vs. FFHG
Performance |
Timeline |
AGFiQ Market Neutral |
FFHG |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
AGFiQ Market and FFHG Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with AGFiQ Market and FFHG
The main advantage of trading using opposite AGFiQ Market and FFHG positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AGFiQ Market position performs unexpectedly, FFHG 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 FFHG will offset losses from the drop in FFHG's long position.AGFiQ Market vs. Cambria Tail Risk | AGFiQ Market vs. IQ Merger Arbitrage | AGFiQ Market vs. Amplify BlackSwan Growth | AGFiQ Market vs. AdvisorShares Dorsey Wright |
FFHG vs. FT Vest Equity | FFHG vs. Zillow Group Class | FFHG vs. Northern Lights | FFHG vs. VanEck Vectors Moodys |
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Other Complementary Tools
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |