Correlation Between 532457CG1 and AmTrust Financial
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By analyzing existing cross correlation between LLY 4875 27 FEB 53 and AmTrust Financial Services, you can compare the effects of market volatilities on 532457CG1 and AmTrust Financial 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 532457CG1 with a short position of AmTrust Financial. Check out your portfolio center. Please also check ongoing floating volatility patterns of 532457CG1 and AmTrust Financial.
Diversification Opportunities for 532457CG1 and AmTrust Financial
-0.51 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between 532457CG1 and AmTrust is -0.51. Overlapping area represents the amount of risk that can be diversified away by holding LLY 4875 27 FEB 53 and AmTrust Financial Services in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AmTrust Financial and 532457CG1 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 LLY 4875 27 FEB 53 are associated (or correlated) with AmTrust Financial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AmTrust Financial has no effect on the direction of 532457CG1 i.e., 532457CG1 and AmTrust Financial go up and down completely randomly.
Pair Corralation between 532457CG1 and AmTrust Financial
Assuming the 90 days trading horizon LLY 4875 27 FEB 53 is expected to under-perform the AmTrust Financial. But the bond apears to be less risky and, when comparing its historical volatility, LLY 4875 27 FEB 53 is 1.39 times less risky than AmTrust Financial. The bond trades about -0.01 of its potential returns per unit of risk. The AmTrust Financial Services is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest 1,089 in AmTrust Financial Services on September 24, 2024 and sell it today you would earn a total of 306.00 from holding AmTrust Financial Services or generate 28.1% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Against |
Strength | Very Weak |
Accuracy | 99.19% |
Values | Daily Returns |
LLY 4875 27 FEB 53 vs. AmTrust Financial Services
Performance |
Timeline |
LLY 4875 27 |
AmTrust Financial |
532457CG1 and AmTrust Financial Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with 532457CG1 and AmTrust Financial
The main advantage of trading using opposite 532457CG1 and AmTrust Financial positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if 532457CG1 position performs unexpectedly, AmTrust Financial 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 AmTrust Financial will offset losses from the drop in AmTrust Financial's long position.532457CG1 vs. AmTrust Financial Services | 532457CG1 vs. National CineMedia | 532457CG1 vs. Encore Capital Group | 532457CG1 vs. Arrow Financial |
AmTrust Financial vs. AmTrust Financial Services | AmTrust Financial vs. AmTrust Financial Services | AmTrust Financial vs. AmTrust Financial Services | AmTrust Financial vs. AmTrust Financial Services |
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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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