Correlation Between Grupo Posadas and Fluor
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By analyzing existing cross correlation between Grupo Posadas SAB and Fluor, you can compare the effects of market volatilities on Grupo Posadas and Fluor 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 Grupo Posadas with a short position of Fluor. Check out your portfolio center. Please also check ongoing floating volatility patterns of Grupo Posadas and Fluor.
Diversification Opportunities for Grupo Posadas and Fluor
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Grupo and Fluor is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Grupo Posadas SAB and Fluor in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Fluor and Grupo Posadas 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 Grupo Posadas SAB are associated (or correlated) with Fluor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fluor has no effect on the direction of Grupo Posadas i.e., Grupo Posadas and Fluor go up and down completely randomly.
Pair Corralation between Grupo Posadas and Fluor
If you would invest 98,527 in Fluor on October 25, 2024 and sell it today you would earn a total of 0.00 from holding Fluor or generate 0.0% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Flat |
Strength | Insignificant |
Accuracy | 95.24% |
Values | Daily Returns |
Grupo Posadas SAB vs. Fluor
Performance |
Timeline |
Grupo Posadas SAB |
Fluor |
Grupo Posadas and Fluor Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Grupo Posadas and Fluor
The main advantage of trading using opposite Grupo Posadas and Fluor positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Grupo Posadas position performs unexpectedly, Fluor 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 Fluor will offset losses from the drop in Fluor's long position.Grupo Posadas vs. Verizon Communications | Grupo Posadas vs. Southern Copper | Grupo Posadas vs. Hoteles City Express | Grupo Posadas vs. Applied Materials |
Fluor vs. The Bank of | Fluor vs. Samsung Electronics Co | Fluor vs. Cognizant Technology Solutions | Fluor vs. UnitedHealth Group Incorporated |
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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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