This module allows you to analyze existing cross correlation between ATX and Madrid Gnrl. You can compare the effects of market volatilities on ATX and Madrid Gnrl 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 ATX with a short position of Madrid Gnrl. See also your portfolio center. Please also check ongoing floating volatility patterns of ATX and Madrid Gnrl.
|Horizon||30 Days Login to change|
Predicted Return Density
ATX vs. Madrid Gnrl
Given the investment horizon of 30 days, ATX is expected to generate 1.02 times more return on investment than Madrid Gnrl. However, ATX is 1.02 times more volatile than Madrid Gnrl. It trades about 0.0 of its potential returns per unit of risk. Madrid Gnrl is currently generating about -0.07 per unit of risk. If you would invest 300,597 in ATX on September 13, 2019 and sell it today you would lose (33.00) from holding ATX or give up 0.01% of portfolio value over 30 days.
Pair Corralation between ATX and Madrid Gnrl
|Time Period||3 Months [change]|
Diversification Opportunities for ATX and Madrid Gnrl
Overlapping area represents the amount of risk that can be diversified away by holding ATX and Madrid Gnrl in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Madrid Gnrl and ATX 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 ATX are associated (or correlated) with Madrid Gnrl. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Madrid Gnrl has no effect on the direction of ATX i.e. ATX and Madrid Gnrl go up and down completely randomly.
See also your portfolio center. Please also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.