Correlation Analysis Between Bigtincan Holdings and ATT

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

Bigtincan Holdings  
1010

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Bigtincan Holdings Ltd are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days. Inspite fairly weak basic indicators, Bigtincan Holdings showed solid returns over the last few months and may actually be approaching a breakup point.
ATT  
44

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in ATT are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively unchanging essential indicators, ATT is not utilizing all of its potentials. The current stock price uproar, may contribute to short horizon losses for the leadership.

Bigtincan Holdings and ATT Volatility Contrast

 Predicted Return Density 
      Returns 

Bigtincan Holdings Ltd  vs.  ATT Inc

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bigtincan Holdings Ltd is expected to generate 2.91 times more return on investment than ATT. However, Bigtincan Holdings is 2.91 times more volatile than ATT. It trades about 0.16 of its potential returns per unit of risk. ATT is currently generating about 0.07 per unit of risk. If you would invest  52.50  in Bigtincan Holdings Ltd on November 5, 2019 and sell it today you would earn a total of  16.00  from holding Bigtincan Holdings Ltd or generate 30.48% return on investment over 30 days.

Pair Corralation between Bigtincan Holdings and ATT

0.46
Time Period3 Months [change]
DirectionPositive 
StrengthWeak
Accuracy79.69%
ValuesDaily Returns

Diversification Opportunities for Bigtincan Holdings and ATT

Bigtincan Holdings Ltd diversification synergy

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Bigtincan Holdings Ltd and ATT Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ATT and Bigtincan Holdings 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 Bigtincan Holdings Ltd 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 Bigtincan Holdings i.e. Bigtincan Holdings and ATT go up and down completely randomly.
See also your portfolio center. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.


 
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