Correlation Analysis Between 1ST CAPITAL and POPULAR INC

This module allows you to analyze existing cross correlation between 1ST CAPITAL BANK and POPULAR INC. You can compare the effects of market volatilities on 1ST CAPITAL and POPULAR INC 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 1ST CAPITAL with a short position of POPULAR INC. See also your portfolio center. Please also check ongoing floating volatility patterns of 1ST CAPITAL and POPULAR INC.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

1ST CAPITAL BANK  
00

Risk-Adjusted Performance

Over the last 30 days 1ST CAPITAL BANK has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, 1ST CAPITAL is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
POPULAR INC  
33

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in POPULAR INC are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. Inspite very unfluctuating forward-looking indicators, POPULAR INC is not utilizing all of its potentials. The prevalent stock price disarray, may contribute to short term momentum losses for the insiders.

1ST CAPITAL and POPULAR INC Volatility Contrast

 Predicted Return Density 
      Returns 

1ST CAPITAL BANK  vs.  POPULAR INC

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, 1ST CAPITAL BANK is expected to under-perform the POPULAR INC. But the otc stock apears to be less risky and, when comparing its historical volatility, 1ST CAPITAL BANK is 2.48 times less risky than POPULAR INC. The otc stock trades about -0.21 of its potential returns per unit of risk. The POPULAR INC is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest  2,564  in POPULAR INC on September 20, 2019 and sell it today you would earn a total of  71.00  from holding POPULAR INC or generate 2.77% return on investment over 30 days.

Pair Corralation between 1ST CAPITAL and POPULAR INC

-0.65
Time Period3 Months [change]
DirectionNegative 
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for 1ST CAPITAL and POPULAR INC

1ST CAPITAL BANK diversification synergy

Excellent diversification

Overlapping area represents the amount of risk that can be diversified away by holding 1ST CAPITAL BANK and POPULAR INC in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on POPULAR INC and 1ST CAPITAL 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 1ST CAPITAL BANK are associated (or correlated) with POPULAR INC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of POPULAR INC has no effect on the direction of 1ST CAPITAL i.e. 1ST CAPITAL and POPULAR INC go up and down completely randomly.
See also your portfolio center. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .


 
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