Correlation Between Gan and Intema Solutions
Can any of the company-specific risk be diversified away by investing in both Gan and Intema Solutions 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 Gan and Intema Solutions into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Gan and Intema Solutions, you can compare the effects of market volatilities on Gan and Intema Solutions 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 Gan with a short position of Intema Solutions. Check out your portfolio center. Please also check ongoing floating volatility patterns of Gan and Intema Solutions.
Diversification Opportunities for Gan and Intema Solutions
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Gan and Intema is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Gan and Intema Solutions in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intema Solutions and Gan 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 Gan are associated (or correlated) with Intema Solutions. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intema Solutions has no effect on the direction of Gan i.e., Gan and Intema Solutions go up and down completely randomly.
Pair Corralation between Gan and Intema Solutions
If you would invest 0.22 in Intema Solutions on December 28, 2024 and sell it today you would earn a total of 0.00 from holding Intema Solutions or generate 0.0% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Flat |
Strength | Insignificant |
Accuracy | 100.0% |
Values | Daily Returns |
Gan vs. Intema Solutions
Performance |
Timeline |
Gan |
Intema Solutions |
Gan and Intema Solutions Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Gan and Intema Solutions
The main advantage of trading using opposite Gan and Intema Solutions positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Gan position performs unexpectedly, Intema Solutions 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 Intema Solutions will offset losses from the drop in Intema Solutions' long position.Gan vs. Rush Street Interactive | Gan vs. Inspired Entertainment | Gan vs. PointsBet Holdings Limited | Gan vs. PlayAGS |
Intema Solutions vs. 888 Holdings | Intema Solutions vs. Royal Wins | Intema Solutions vs. Real Luck Group | Intema Solutions vs. Betmakers Technology Group |
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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Other Complementary Tools
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |