This module allows you to analyze existing cross correlation between Zayo Group Holdings and ATT. You can compare the effects of market volatilities on Zayo Group and ATT 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 Zayo Group with a short position of ATT. See also your portfolio center. Please also check ongoing floating volatility patterns of Zayo Group and ATT.
|Horizon||30 Days Login to change|
|Zayo Group Holdings|
Compared to the overall equity markets, risk-adjusted returns on investments in Zayo Group Holdings are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. Allthough quite persistent forward indicators, Zayo Group is not utilizing all of its potentials. The late stock price mess, may contribute to short standing losses for the partners.
Compared to the overall equity markets, risk-adjusted returns on investments in ATT are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively unchanging essential indicators, ATT is not utilizing all of its potentials. The current stock price uproar, may contribute to short-term losses for the leadership.
Zayo Group and ATT Volatility Contrast
Predicted Return Density
Zayo Group Holdings Inc vs. ATT
Given the investment horizon of 30 days, Zayo Group Holdings is expected to generate 1.43 times more return on investment than ATT. However, Zayo Group is 1.43 times more volatile than ATT. It trades about 0.05 of its potential returns per unit of risk. ATT is currently generating about 0.03 per unit of risk. If you would invest 3,175 in Zayo Group Holdings on May 17, 2019 and sell it today you would earn a total of 85.00 from holding Zayo Group Holdings or generate 2.68% return on investment over 30 days.
Pair Corralation between Zayo Group and ATT
|Time Period||2 Months [change]|
Diversification Opportunities for Zayo Group and ATT
Overlapping area represents the amount of risk that can be diversified away by holding Zayo Group Holdings Inc and ATT in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ATT and Zayo Group 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 Zayo Group Holdings are associated (or correlated) with ATT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ATT has no effect on the direction of Zayo Group i.e. Zayo Group and ATT go up and down completely randomly.
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