Correlation Analysis Between AIA 091122 and ATT

This module allows you to analyze existing cross correlation between AIA 091122 4 28 Percent Auckland I and ATT. You can compare the effects of market volatilities on AIA 091122 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 AIA 091122 with a short position of ATT. See also your portfolio center. Please also check ongoing floating volatility patterns of AIA 091122 and ATT.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

AIA 091122 4  
00

Risk-Adjusted Performance

Over the last 30 days AIA 091122 4 28 Percent Auckland I has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, AIA 091122 is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
ATT  
1313

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in ATT are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively weak essential indicators, ATT unveiled solid returns over the last few months and may actually be approaching a breakup point.

AIA 091122 and ATT Volatility Contrast

AIA 091122 4 28 Percent Auckla  vs.  ATT Inc

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  3,279  in ATT on September 17, 2019 and sell it today you would earn a total of  491.00  from holding ATT or generate 14.97% return on investment over 30 days.

Pair Corralation between AIA 091122 and ATT

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy1.56%
ValuesDaily Returns

Diversification Opportunities for AIA 091122 and ATT

AIA 091122 4 28 Percent Auckla diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding AIA 091122 4 28 Percent Auckla and ATT Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ATT and AIA 091122 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 AIA 091122 4 28 Percent Auckland I 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 AIA 091122 i.e. AIA 091122 and ATT go up and down completely randomly.
See also your portfolio center. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.


 
Search macroaxis.com