Correlation Between Inpixon and AB International
Can any of the company-specific risk be diversified away by investing in both Inpixon and AB International 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 Inpixon and AB International into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Inpixon and AB International Group, you can compare the effects of market volatilities on Inpixon and AB International 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 Inpixon with a short position of AB International. Check out your portfolio center. Please also check ongoing floating volatility patterns of Inpixon and AB International.
Diversification Opportunities for Inpixon and AB International
-0.11 | Correlation Coefficient |
Good diversification
The 3 months correlation between Inpixon and ABQQ is -0.11. Overlapping area represents the amount of risk that can be diversified away by holding Inpixon and AB International Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AB International and Inpixon 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 Inpixon are associated (or correlated) with AB International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AB International has no effect on the direction of Inpixon i.e., Inpixon and AB International go up and down completely randomly.
Pair Corralation between Inpixon and AB International
If you would invest 0.07 in AB International Group on September 8, 2024 and sell it today you would earn a total of 0.03 from holding AB International Group or generate 42.86% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Against |
Strength | Insignificant |
Accuracy | 1.54% |
Values | Daily Returns |
Inpixon vs. AB International Group
Performance |
Timeline |
Inpixon |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
AB International |
Inpixon and AB International Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Inpixon and AB International
The main advantage of trading using opposite Inpixon and AB International positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Inpixon position performs unexpectedly, AB International 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 AB International will offset losses from the drop in AB International's long position.Inpixon vs. Trust Stamp | Inpixon vs. HeartCore Enterprises | Inpixon vs. SoundHound AI | Inpixon vs. Infobird Co |
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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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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