Correlation Analysis Between FLIR Systems and Leucadia National

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

FLIR Systems  
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Risk-Adjusted Performance

Over the last 30 days FLIR Systems has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of sluggish performance in the last few months, the Stock's forward-looking signals remain relatively invariable which may send shares a bit higher in September 2019. The latest agitation may also be a sign of long running up-swing for the enterprise management.
Leucadia National Corp  
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Risk-Adjusted Performance

Over the last 30 days Leucadia National Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Regardless of fairly consistent technical and fundamental indicators, Leucadia National is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders.

FLIR Systems and Leucadia National Volatility Contrast

 Predicted Return Density 
      Returns 

FLIR Systems Inc  vs.  Leucadia National Corp

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  2,482  in Leucadia National Corp on July 25, 2019 and sell it today you would earn a total of  0.00  from holding Leucadia National Corp or generate 0.0% return on investment over 30 days.

Pair Corralation between FLIR Systems and Leucadia National

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy2.27%
ValuesDaily Returns

Diversification Opportunities for FLIR Systems and Leucadia National

FLIR Systems Inc diversification synergy

Pay attention

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