Correlation Between Maison Antoine and Acanthe Dveloppement

Can any of the company-specific risk be diversified away by investing in both Maison Antoine and Acanthe Dveloppement 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 Maison Antoine and Acanthe Dveloppement into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Maison Antoine Baud and Acanthe Dveloppement, you can compare the effects of market volatilities on Maison Antoine and Acanthe Dveloppement 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 Maison Antoine with a short position of Acanthe Dveloppement. Check out your portfolio center. Please also check ongoing floating volatility patterns of Maison Antoine and Acanthe Dveloppement.

Diversification Opportunities for Maison Antoine and Acanthe Dveloppement

0.0

Correlation Coefficient

Maison Antoine  Acanthe Dveloppement

Pay attention - limited upside

The 3 months correlation between Maison and Acanthe is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Maison Antoine Baud and Acanthe Dveloppement in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Acanthe Dveloppement and Maison Antoine 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 Maison Antoine Baud are associated (or correlated) with Acanthe Dveloppement. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Acanthe Dveloppement has no effect on the direction of Maison Antoine i.e., Maison Antoine and Acanthe Dveloppement go up and down completely randomly.

Pair Corralation between Maison Antoine and Acanthe Dveloppement

If you would invest  22.00  in Acanthe Dveloppement on October 7, 2024 and sell it today you would earn a total of  9.00  from holding Acanthe Dveloppement or generate 40.91% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Maison Antoine Baud  vs.  Acanthe Dveloppement

Maison Antoine Baud

Risk-Adjusted Performance

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Good

Over the last 90 days Maison Antoine Baud has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, Maison Antoine is not utilizing all of its potentials. The current stock price agitation, may contribute to short-term losses for the retail investors.

Acanthe Dveloppement

Risk-Adjusted Performance

0 of 100

Very Weak

Over the last 90 days Acanthe Dveloppement has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Stock's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the company investors.

Pair Trading with Maison Antoine and Acanthe Dveloppement

The main advantage of trading using opposite Maison Antoine and Acanthe Dveloppement positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Maison Antoine position performs unexpectedly, Acanthe Dveloppement 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 Acanthe Dveloppement will offset losses from the drop in Acanthe Dveloppement's long position.

The idea behind Maison Antoine Baud and Acanthe Dveloppement pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.