Correlation Analysis Between FONDOS DE and SAM ASSET

This module allows you to analyze existing cross correlation between FONDOS DE INVERSION AFIRME SA D and SAM ASSET MANAGEMENT SA DE CV F. You can compare the effects of market volatilities on FONDOS DE and SAM ASSET 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 FONDOS DE with a short position of SAM ASSET. See also your portfolio center. Please also check ongoing floating volatility patterns of FONDOS DE and SAM ASSET.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

FONDOS DE INVERSION  
1010

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in FONDOS DE INVERSION AFIRME SA D are ranked lower than 10 (%) of all funds and portfolios of funds over the last 30 days. In defiance of relatively weak forward-looking signals, FONDOS DE reported solid returns over the last few months and may actually be approaching a breakup point.
SAM ASSET MANAGEMENT  
1616

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in SAM ASSET MANAGEMENT SA DE CV F are ranked lower than 16 (%) of all funds and portfolios of funds over the last 30 days. Despite somewhat weak basic indicators, SAM ASSET sustained solid returns over the last few months and may actually be approaching a breakup point.

FONDOS DE and SAM ASSET Volatility Contrast

 Predicted Return Density 
      Returns 

FONDOS DE INVERSION AFIRME SA   vs.  SAM ASSET MANAGEMENT SA DE CV

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, FONDOS DE is expected to generate 2.43 times less return on investment than SAM ASSET. But when comparing it to its historical volatility, FONDOS DE INVERSION AFIRME SA D is 1.53 times less risky than SAM ASSET. It trades about 0.16 of its potential returns per unit of risk. SAM ASSET MANAGEMENT SA DE CV F is currently generating about 0.25 of returns per unit of risk over similar time horizon. If you would invest  4,599  in SAM ASSET MANAGEMENT SA DE CV F on October 12, 2019 and sell it today you would earn a total of  64.00  from holding SAM ASSET MANAGEMENT SA DE CV F or generate 1.39% return on investment over 30 days.

Pair Corralation between FONDOS DE and SAM ASSET

0.02
Time Period3 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy97.06%
ValuesDaily Returns

Diversification Opportunities for FONDOS DE and SAM ASSET

FONDOS DE INVERSION AFIRME SA  diversification synergy

Significant diversification

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

FONDOS DE INVERSION AFIRME SA D

Pair trading matchups for FONDOS DE

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