Correlation Analysis Between Aspocomp Group and Best Buy

This module allows you to analyze existing cross correlation between Aspocomp Group Plc and Best Buy Co. You can compare the effects of market volatilities on Aspocomp Group and Best Buy 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 Aspocomp Group with a short position of Best Buy. See also your portfolio center. Please also check ongoing floating volatility patterns of Aspocomp Group and Best Buy.
Horizon     30 Days    Login   to change
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Comparative Performance

Aspocomp Group Plc  
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Risk-Adjusted Performance

Over the last 30 days Aspocomp Group Plc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, Aspocomp Group is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholder.
Best Buy  
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Risk-Adjusted Performance

Over the last 30 days Best Buy Co has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly strong basic indicators, Best Buy is not utilizing all of its potentials. The prevailing stock price disturbance, may contribute to short term losses for the investors.

Aspocomp Group and Best Buy Volatility Contrast

Aspocomp Group Plc  vs.  Best Buy Co Inc

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in Aspocomp Group Plc on September 17, 2019 and sell it today you would earn a total of  100.00  from holding Aspocomp Group Plc or generate -100.0% return on investment over 30 days.

Pair Corralation between Aspocomp Group and Best Buy

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

Diversification Opportunities for Aspocomp Group and Best Buy

Aspocomp Group Plc diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Aspocomp Group Plc and Best Buy Co Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Best Buy and Aspocomp 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 Aspocomp Group Plc are associated (or correlated) with Best Buy. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Best Buy has no effect on the direction of Aspocomp Group i.e. Aspocomp Group and Best Buy go up and down completely randomly.
See also your portfolio center. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.


 
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