Correlation Between BANKINTER AHORRO and PELAMIOS CAPITAL

By analyzing existing cross correlation between BANKINTER AHORRO ACTIVOS and PELAMIOS CAPITAL SICAV you can compare the effects of market volatilities on BANKINTER AHORRO and PELAMIOS CAPITAL 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 BANKINTER AHORRO with a short position of PELAMIOS CAPITAL. Check out your portfolio center. Please also check ongoing floating volatility patterns of BANKINTER AHORRO and PELAMIOS CAPITAL.

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Can any of the company-specific risk be diversified away by investing in both BANKINTER AHORRO and PELAMIOS CAPITAL 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 BANKINTER AHORRO and PELAMIOS CAPITAL into the same portfolio which is an essential part of fundamental portfolio management process.

Diversification Opportunities for BANKINTER AHORRO and PELAMIOS CAPITAL

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Correlation
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Pay attention - limited upside

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

Pair Corralation between BANKINTER AHORRO and PELAMIOS CAPITAL

If you would invest (100.00)  in BANKINTER AHORRO ACTIVOS on April 24, 2020 and sell it today you would earn a total of  100.00  from holding BANKINTER AHORRO ACTIVOS or generate -100.0% return on investment over 30 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

BANKINTER AHORRO ACTIVOS EURO   vs.  PELAMIOS CAPITAL SICAV

 Performance (%) 
      Timeline 
BANKINTER AHORRO ACT 
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Risk-Adjusted Fund Performance

Over the last 30 days BANKINTER AHORRO ACTIVOS has generated negative risk-adjusted returns adding no value to fund investors. Despite somewhat strong basic indicators, BANKINTER AHORRO is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
PELAMIOS CAPITAL SICAV 
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Risk-Adjusted Fund Performance

Over the last 30 days PELAMIOS CAPITAL SICAV has generated negative risk-adjusted returns adding no value to fund investors. Even with latest weak performance, the Fund's technical indicators remain steady and the new chaos on Wall Street may also be a sign of medium term gains for the fund venture stakeholders.

BANKINTER AHORRO and PELAMIOS CAPITAL Volatility Contrast

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