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Correlation Between FIRST INTER and RAVAD LTD

Analyzing existing cross correlation between FIRST INTER BK ISR and RAVAD LTD. You can compare the effects of market volatilities on FIRST INTER and RAVAD LTD 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 FIRST INTER with a short position of RAVAD LTD. Check out your portfolio center. Please also check ongoing floating volatility patterns of FIRST INTER and RAVAD LTD.
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Comparative Performance

FIRST INTER BK  
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Risk-Adjusted Performance

Over the last 30 days FIRST INTER BK ISR has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, FIRST INTER is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
RAVAD LTD  
1010

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in RAVAD LTD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, RAVAD LTD sustained solid returns over the last few months and may actually be approaching a breakup point.

FIRST INTER and RAVAD LTD Volatility Contrast

FIRST INTER BK ISR  vs.  RAVAD LTD

 Performance (%) 
    
  Timeline 

Pair Volatility

If you would invest  76,770  in RAVAD LTD on January 20, 2020 and sell it today you would earn a total of  11,320  from holding RAVAD LTD or generate 14.75% return on investment over 30 days.

Pair Corralation between FIRST INTER and RAVAD LTD

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

Diversification Opportunities for FIRST INTER and RAVAD LTD

FIRST INTER BK ISR diversification synergy

Pay attention

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

FIRST INTER BK ISR

Pair trading matchups for FIRST INTER

RAVAD LTD

Pair trading matchups for RAVAD LTD

Check out your portfolio center. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.