Correlation Analysis Between B Communications and Intelsat S

This module allows you to analyze existing cross correlation between B Communications Ltd and Intelsat S A. You can compare the effects of market volatilities on B Communications and Intelsat S 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 B Communications with a short position of Intelsat S. See also your portfolio center. Please also check ongoing floating volatility patterns of B Communications and Intelsat S.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

B Communications  
00

Risk-Adjusted Performance

Over the last 30 days B Communications Ltd has generated negative risk-adjusted returns adding no value to investors with long positions. Even with fragile performance in the last few months, the Stock's technical indicators remain considerably steady which may send shares a bit higher in November 2019. The new chaos may also be a sign of medium term up-swing for the business stakeholders.
Intelsat S A  
88

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Intelsat S A are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days. Despite nearly uncertain fundamental indicators, Intelsat S layed out solid returns over the last few months and may actually be approaching a breakup point.

B Communications and Intelsat S Volatility Contrast

 Predicted Return Density 
      Returns 

B Communications Ltd  vs.  Intelsat S A

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, B Communications Ltd is expected to under-perform the Intelsat S. In addition to that, B Communications is 1.33 times more volatile than Intelsat S A. It trades about -0.13 of its total potential returns per unit of risk. Intelsat S A is currently generating about 0.12 per unit of volatility. If you would invest  2,060  in Intelsat S A on September 14, 2019 and sell it today you would earn a total of  430.00  from holding Intelsat S A or generate 20.87% return on investment over 30 days.

Pair Corralation between B Communications and Intelsat S

-0.17
Time Period3 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy98.46%
ValuesDaily Returns

Diversification Opportunities for B Communications and Intelsat S

B Communications Ltd diversification synergy

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding B Communications Ltd and Intelsat S A in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Intelsat S A and B Communications 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 B Communications Ltd are associated (or correlated) with Intelsat S. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intelsat S A has no effect on the direction of B Communications i.e. B Communications and Intelsat S go up and down completely randomly.
See also your portfolio center. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.


 
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