This module allows you to analyze existing cross correlation between Siemens Gamesa Renewable Energy S A and NASDAQ UK. You can compare the effects of market volatilities on Siemens Gamesa and NASDAQ UK 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 Siemens Gamesa with a short position of NASDAQ UK. See also your portfolio center. Please also check ongoing floating volatility patterns of Siemens Gamesa and NASDAQ UK.
|Horizon||30 Days Login to change|
Predicted Return Density
Siemens Gamesa Renewable Energ vs. NASDAQ UK
If you would invest (100.00) in Siemens Gamesa Renewable Energy S A on May 18, 2019 and sell it today you would earn a total of 100.00 from holding Siemens Gamesa Renewable Energy S A or generate -100.0% return on investment over 30 days.
Pair Corralation between Siemens Gamesa and NASDAQ UK
|Time Period||2 Months [change]|
Diversification Opportunities for Siemens Gamesa and NASDAQ UK
Overlapping area represents the amount of risk that can be diversified away by holding Siemens Gamesa Renewable Energ and NASDAQ UK in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NASDAQ UK and Siemens Gamesa 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 Siemens Gamesa Renewable Energy S A are associated (or correlated) with NASDAQ UK. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NASDAQ UK has no effect on the direction of Siemens Gamesa i.e. Siemens Gamesa and NASDAQ UK go up and down completely randomly.
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