Correlation Between DKINMAKK and MetLife
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By analyzing existing cross correlation between Investeringsforeningen Danske Invest and MetLife, you can compare the effects of market volatilities on DKINMAKK and MetLife 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 DKINMAKK with a short position of MetLife. Check out your portfolio center. Please also check ongoing floating volatility patterns of DKINMAKK and MetLife.
Diversification Opportunities for DKINMAKK and MetLife
Pay attention - limited upside
The 3 months correlation between DKINMAKK and MetLife is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Investeringsforeningen Danske and MetLife in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on MetLife and DKINMAKK 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 Investeringsforeningen Danske Invest are associated (or correlated) with MetLife. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of MetLife has no effect on the direction of DKINMAKK i.e., DKINMAKK and MetLife go up and down completely randomly.
Pair Corralation between DKINMAKK and MetLife
If you would invest (100.00) in Investeringsforeningen Danske Invest on February 9, 2024 and sell it today you would earn a total of 100.00 from holding Investeringsforeningen Danske Invest or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Investeringsforeningen Danske vs. MetLife
Performance |
| Timeline |
| Investeringsforeningen |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Good
| MetLife |
DKINMAKK and MetLife Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with DKINMAKK and MetLife
The main advantage of trading using opposite DKINMAKK and MetLife positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if DKINMAKK position performs unexpectedly, MetLife 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 MetLife will offset losses from the drop in MetLife's long position.| DKINMAKK vs. Lollands Bank | DKINMAKK vs. Prime Office AS | DKINMAKK vs. Nordea Bank Abp | DKINMAKK vs. FOM Technologies AS |
| MetLife vs. Lincoln National | MetLife vs. Aflac Incorporated | MetLife vs. Unum Group | MetLife vs. Manulife Financial Corp |
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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