Correlation Between Lollands Bank and BankInvest
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By analyzing existing cross correlation between Lollands Bank and BankInvest EM Aktier, you can compare the effects of market volatilities on Lollands Bank and BankInvest 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 Lollands Bank with a short position of BankInvest. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lollands Bank and BankInvest.
Diversification Opportunities for Lollands Bank and BankInvest
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Lollands and BankInvest is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Lollands Bank and BankInvest EM Aktier in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BankInvest EM Aktier and Lollands Bank 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 Lollands Bank are associated (or correlated) with BankInvest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BankInvest EM Aktier has no effect on the direction of Lollands Bank i.e., Lollands Bank and BankInvest go up and down completely randomly.
Pair Corralation between Lollands Bank and BankInvest
If you would invest 55,500 in Lollands Bank on October 9, 2024 and sell it today you would earn a total of 3,000 from holding Lollands Bank or generate 5.41% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Flat |
Strength | Insignificant |
Accuracy | 0.0% |
Values | Daily Returns |
Lollands Bank vs. BankInvest EM Aktier
Performance |
Timeline |
Lollands Bank |
BankInvest EM Aktier |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Lollands Bank and BankInvest Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Lollands Bank and BankInvest
The main advantage of trading using opposite Lollands Bank and BankInvest positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Lollands Bank position performs unexpectedly, BankInvest 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 BankInvest will offset losses from the drop in BankInvest's long position.Lollands Bank vs. Skjern Bank AS | Lollands Bank vs. Kreditbanken AS | Lollands Bank vs. Djurslands Bank | Lollands Bank vs. Groenlandsbanken AS |
BankInvest vs. Jyske Bank AS | BankInvest vs. BankInvest Value Globale | BankInvest vs. Embla Medical hf | BankInvest vs. Strategic Investments AS |
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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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