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Correlation Between DEXUS STAPLED and MUTUAL FUNDS

Analyzing existing cross correlation between DEXUS STAPLED and MUTUAL FUNDS LTD. You can compare the effects of market volatilities on DEXUS STAPLED and MUTUAL FUNDS 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 DEXUS STAPLED with a short position of MUTUAL FUNDS. Check out your portfolio center. Please also check ongoing floating volatility patterns of DEXUS STAPLED and MUTUAL FUNDS.
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Comparative Performance

DEXUS STAPLED  
1212

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in DEXUS STAPLED are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days. Inspite fairly weak basic indicators, DEXUS STAPLED showed solid returns over the last few months and may actually be approaching a breakup point.
MUTUAL FUNDS LTD  
00

Risk-Adjusted Performance

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

DEXUS STAPLED and MUTUAL FUNDS Volatility Contrast

DEXUS STAPLED  vs.  MUTUAL FUNDS LTD

 Performance (%) 
    
  Timeline 

Pair Volatility

If you would invest  1,184  in DEXUS STAPLED on January 20, 2020 and sell it today you would earn a total of  153.00  from holding DEXUS STAPLED or generate 12.92% return on investment over 30 days.

Pair Corralation between DEXUS STAPLED and MUTUAL FUNDS

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Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for DEXUS STAPLED and MUTUAL FUNDS

DEXUS STAPLED diversification synergy

Pay attention

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

MUTUAL FUNDS LTD

Pair trading matchups for MUTUAL FUNDS

Check out your portfolio center. Please also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.