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This module allows you to analyze existing cross correlation between Siemens Gamesa Renewable Energy S A and Taiwan Wtd. You can compare the effects of market volatilities on Siemens Gamesa and Taiwan Wtd 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 Taiwan Wtd. See also your portfolio center. Please also check ongoing floating volatility patterns of Siemens Gamesa and Taiwan Wtd.
|Horizon||30 Days Login to change|
Predicted Return Density
Siemens Gamesa Renewable Energ vs. Taiwan Wtd
If you would invest 989,466 in Taiwan Wtd on February 17, 2019 and sell it today you would earn a total of 61,975 from holding Taiwan Wtd or generate 6.26% return on investment over 30 days.
Pair Corralation between Siemens Gamesa and Taiwan Wtd
|Time Period||2 Months [change]|
Diversification Opportunities for Siemens Gamesa and Taiwan Wtd
Overlapping area represents the amount of risk that can be diversified away by holding Siemens Gamesa Renewable Energ and Taiwan Wtd in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Taiwan Wtd 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 Taiwan Wtd. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Taiwan Wtd has no effect on the direction of Siemens Gamesa i.e. Siemens Gamesa and Taiwan Wtd go up and down completely randomly.