Correlation Between Trastor Real and Attica Publications

Can any of the company-specific risk be diversified away by investing in both Trastor Real and Attica Publications 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 Trastor Real and Attica Publications into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Trastor Real Estate and Attica Publications SA, you can compare the effects of market volatilities on Trastor Real and Attica Publications 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 Trastor Real with a short position of Attica Publications. Check out your portfolio center. Please also check ongoing floating volatility patterns of Trastor Real and Attica Publications.

Diversification Opportunities for Trastor Real and Attica Publications

0.0

Correlation Coefficient

Trastor Real  Attica Publications

Pay attention - limited upside

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

Pair Corralation between Trastor Real and Attica Publications

If you would invest (100.00) in Attica Publications SA on September 12, 2024 and sell it today you would earn a total of  100.00  from holding Attica Publications SA or generate -100.0% return on investment over 90 days.

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

Trastor Real Estate  vs.  Attica Publications SA

Trastor Real Estate

Risk-Adjusted Performance

0 of 100

Very Weak

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

Attica Publications

Risk-Adjusted Performance

8 of 100

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Attica Publications SA are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, Attica Publications unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Trastor Real and Attica Publications

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

The idea behind Trastor Real Estate and Attica Publications SA 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..