Correlation Between CAIXABANK GESTI and LASCONI INVERSIONES

By analyzing existing cross correlation between CAIXABANK GESTI N and LASCONI INVERSIONES SICAV you can compare the effects of market volatilities on CAIXABANK GESTI and LASCONI INVERSIONES 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 CAIXABANK GESTI with a short position of LASCONI INVERSIONES. Check out your portfolio center. Please also check ongoing floating volatility patterns of CAIXABANK GESTI and LASCONI INVERSIONES.

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Can any of the company-specific risk be diversified away by investing in both CAIXABANK GESTI and LASCONI INVERSIONES 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 CAIXABANK GESTI and LASCONI INVERSIONES into the same portfolio which is an essential part of fundamental portfolio management process.

Diversification Opportunities for CAIXABANK GESTI and LASCONI INVERSIONES

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Correlation
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Pay attention - limited upside

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

Pair Corralation between CAIXABANK GESTI and LASCONI INVERSIONES

If you would invest  979.00  in LASCONI INVERSIONES SICAV on May 3, 2020 and sell it today you would earn a total of  13.00  from holding LASCONI INVERSIONES SICAV or generate 1.33% return on investment over 30 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

CAIXABANK GESTI N TOTAL PLATIN  vs.  LASCONI INVERSIONES SICAV S A

 Performance (%) 
      Timeline 
CAIXABANK GESTI N 
00

Risk-Adjusted Fund Performance

Over the last 30 days CAIXABANK GESTI N has generated negative risk-adjusted returns adding no value to fund investors. Despite somewhat strong basic indicators, CAIXABANK GESTI is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
LASCONI INVERSIONES 
55

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LASCONI INVERSIONES SICAV are ranked lower than 5 (%) of all funds and portfolios of funds over the last 30 days. Despite somewhat strong basic indicators, LASCONI INVERSIONES is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

CAIXABANK GESTI and LASCONI INVERSIONES Volatility Contrast

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