Correlation Between Bankinvest Virksomhedsoblig and DSV Panalpina
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By analyzing existing cross correlation between Bankinvest Virksomhedsobligationer and DSV Panalpina AS, you can compare the effects of market volatilities on Bankinvest Virksomhedsoblig and DSV Panalpina 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 Bankinvest Virksomhedsoblig with a short position of DSV Panalpina. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bankinvest Virksomhedsoblig and DSV Panalpina.
Diversification Opportunities for Bankinvest Virksomhedsoblig and DSV Panalpina
-0.51 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Bankinvest and DSV is -0.51. Overlapping area represents the amount of risk that can be diversified away by holding Bankinvest Virksomhedsobliga and DSV Panalpina AS in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on DSV Panalpina AS and Bankinvest Virksomhedsoblig 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 Bankinvest Virksomhedsobligationer are associated (or correlated) with DSV Panalpina. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DSV Panalpina AS has no effect on the direction of Bankinvest Virksomhedsoblig i.e., Bankinvest Virksomhedsoblig and DSV Panalpina go up and down completely randomly.
Pair Corralation between Bankinvest Virksomhedsoblig and DSV Panalpina
Assuming the 90 days trading horizon Bankinvest Virksomhedsobligationer is expected to generate 0.24 times more return on investment than DSV Panalpina. However, Bankinvest Virksomhedsobligationer is 4.25 times less risky than DSV Panalpina. It trades about 0.05 of its potential returns per unit of risk. DSV Panalpina AS is currently generating about 0.0 per unit of risk. If you would invest 9,968 in Bankinvest Virksomhedsobligationer on January 26, 2024 and sell it today you would earn a total of 862.00 from holding Bankinvest Virksomhedsobligationer or generate 8.65% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 79.6% |
| Values | Daily Returns |
Bankinvest Virksomhedsobliga vs. DSV Panalpina AS
Performance |
| Timeline |
| Bankinvest Virksomhedsoblig |
| DSV Panalpina AS |
Bankinvest Virksomhedsoblig and DSV Panalpina Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Bankinvest Virksomhedsoblig and DSV Panalpina
The main advantage of trading using opposite Bankinvest Virksomhedsoblig and DSV Panalpina positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bankinvest Virksomhedsoblig position performs unexpectedly, DSV Panalpina can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DSV Panalpina will offset losses from the drop in DSV Panalpina's long position.| Bankinvest Virksomhedsoblig vs. Jyske Invest Nye | Bankinvest Virksomhedsoblig vs. Jyske Invest Nye | Bankinvest Virksomhedsoblig vs. Jyske Invest Hjt | Bankinvest Virksomhedsoblig vs. Jyske Invest Lange |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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