Correlation Between Uzinexport and Infinity Capital
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By analyzing existing cross correlation between Uzinexport SA and Infinity Capital Investments, you can compare the effects of market volatilities on Uzinexport and Infinity Capital 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 Uzinexport with a short position of Infinity Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Uzinexport and Infinity Capital.
Diversification Opportunities for Uzinexport and Infinity Capital
-0.36 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Uzinexport and Infinity is -0.36. Overlapping area represents the amount of risk that can be diversified away by holding Uzinexport SA and Infinity Capital Investments in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Infinity Capital Inv and Uzinexport 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 Uzinexport SA are associated (or correlated) with Infinity Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Infinity Capital Inv has no effect on the direction of Uzinexport i.e., Uzinexport and Infinity Capital go up and down completely randomly.
Pair Corralation between Uzinexport and Infinity Capital
Assuming the 90 days trading horizon Uzinexport SA is expected to under-perform the Infinity Capital. In addition to that, Uzinexport is 4.04 times more volatile than Infinity Capital Investments. It trades about -0.07 of its total potential returns per unit of risk. Infinity Capital Investments is currently generating about 0.11 per unit of volatility. If you would invest 222.00 in Infinity Capital Investments on September 14, 2024 and sell it today you would earn a total of 22.00 from holding Infinity Capital Investments or generate 9.91% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Against |
Strength | Insignificant |
Accuracy | 100.0% |
Values | Daily Returns |
Uzinexport SA vs. Infinity Capital Investments
Performance |
Timeline |
Uzinexport SA |
Infinity Capital Inv |
Uzinexport and Infinity Capital Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Uzinexport and Infinity Capital
The main advantage of trading using opposite Uzinexport and Infinity Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Uzinexport position performs unexpectedly, Infinity Capital 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 Infinity Capital will offset losses from the drop in Infinity Capital's long position.Uzinexport vs. Oil Terminal C | Uzinexport vs. Antibiotice Ia | Uzinexport vs. Aages SA | Uzinexport vs. Alumil Rom Industry |
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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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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