Correlation Analysis Between ABN AMRO and EUROCOMMERCIAL

This module allows you to analyze existing cross correlation between ABN AMRO BANK N V and EUROCOMMERCIAL. You can compare the effects of market volatilities on ABN AMRO and EUROCOMMERCIAL 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 ABN AMRO with a short position of EUROCOMMERCIAL. See also your portfolio center. Please also check ongoing floating volatility patterns of ABN AMRO and EUROCOMMERCIAL.
Horizon     30 Days    Login   to change
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Comparative Performance

ABN AMRO BANK  
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Risk-Adjusted Performance

Over the last 30 days ABN AMRO BANK N V has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, ABN AMRO is not utilizing all of its potentials. The latest stock price agitation, may contribute to short term losses for the management.
EUROCOMMERCIAL  
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Risk-Adjusted Performance

Over the last 30 days EUROCOMMERCIAL has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat weak basic indicators, EUROCOMMERCIAL sustained solid returns over the last few months and may actually be approaching a breakup point.

ABN AMRO and EUROCOMMERCIAL Volatility Contrast

ABN AMRO BANK N V  vs.  EUROCOMMERCIAL

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  2,408  in EUROCOMMERCIAL on September 22, 2019 and sell it today you would earn a total of  292.00  from holding EUROCOMMERCIAL or generate 12.13% return on investment over 30 days.

Pair Corralation between ABN AMRO and EUROCOMMERCIAL

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Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for ABN AMRO and EUROCOMMERCIAL

ABN AMRO BANK N V diversification synergy

Pay attention

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

EUROCOMMERCIAL

Pair trading matchups for EUROCOMMERCIAL

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