Correlation Between BoStad AS and German High

By analyzing existing cross correlation between BoStad AS B and German High Street you can compare the effects of market volatilities on BoStad AS and German High 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 BoStad AS with a short position of German High. Check out your portfolio center. Please also check ongoing floating volatility patterns of BoStad AS and German High.

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Can any of the company-specific risk be diversified away by investing in both BoStad AS and German High at the same time? Although using correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combing BoStad AS and German High into the same portfolio which is an essential part of fundamental portfolio management process.

Diversification Opportunities for BoStad AS and German High

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Correlation
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Pay attention - limited upside

The 3 months correlation between BoStad and German is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding BoStad AS B and German High Street Properties in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on German High Street and BoStad AS 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 BoStad AS B are associated (or correlated) with German High. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of German High Street has no effect on the direction of BoStad AS i.e. BoStad AS and German High go up and down completely randomly.

Pair Corralation between BoStad AS and German High

If you would invest  0.00  in German High Street on May 1, 2020 and sell it today you would earn a total of  0.00  from holding German High Street or generate 0.0% return on investment over 30 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

BoStad AS B  vs.  German High Street Properties

 Performance (%) 
      Timeline 
BoStad AS B 
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BoStad AS Risk-Adjusted Performance

Over the last 30 days BoStad AS B has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, BoStad AS is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
German High Street 
00

German High Risk-Adjusted Performance

Over the last 30 days German High Street has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, German High is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

BoStad AS and German High Volatility Contrast

Check out your portfolio center. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.


 
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