- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between Calgon Carbon Corporation and All Ords. You can compare the effects of market volatilities on Calgon Carbon and All Ords 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 Calgon Carbon with a short position of All Ords. See also your portfolio center. Please also check ongoing floating volatility patterns of Calgon Carbon and All Ords.
|Horizon||30 Days Login to change|
Predicted Return Density
Calgon Carbon Corp. vs. All Ords
Considering 30-days investment horizon, Calgon Carbon Corporation is expected to generate 2.69 times more return on investment than All Ords. However, Calgon Carbon is 2.69 times more volatile than All Ords. It trades about 0.26 of its potential returns per unit of risk. All Ords is currently generating about 0.3 per unit of risk. If you would invest 1,044 in Calgon Carbon Corporation on February 17, 2019 and sell it today you would earn a total of 204.00 from holding Calgon Carbon Corporation or generate 19.54% return on investment over 30 days.
Pair Corralation between Calgon Carbon and All Ords
|Time Period||2 Months [change]|
Diversification Opportunities for Calgon Carbon and All Ords
Overlapping area represents the amount of risk that can be diversified away by holding Calgon Carbon Corp. and All Ords in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on All Ords and Calgon Carbon 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 Calgon Carbon Corporation are associated (or correlated) with All Ords. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of All Ords has no effect on the direction of Calgon Carbon i.e. Calgon Carbon and All Ords go up and down completely randomly.