Correlation Analysis Between Iberdrola and Siemens Gamesa

This module allows you to analyze existing cross correlation between Iberdrola S A and Siemens Gamesa Renewable Energy S A. You can compare the effects of market volatilities on Iberdrola and Siemens Gamesa 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 Iberdrola with a short position of Siemens Gamesa. See also your portfolio center. Please also check ongoing floating volatility patterns of Iberdrola and Siemens Gamesa.
Horizon     30 Days    Login   to change
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Comparative Performance

Iberdrola S A  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Iberdrola S A are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, Iberdrola sustained solid returns over the last few months and may actually be approaching a breakup point.
Siemens Gamesa Renew  

Risk-Adjusted Performance

Over the last 30 days Siemens Gamesa Renewable Energy S A has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Siemens Gamesa is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

Iberdrola and Siemens Gamesa Volatility Contrast

 Predicted Return Density 

Iberdrola S A  vs.  Siemens Gamesa Renewable Energ

 Performance (%) 

Pair Volatility

If you would invest  816.80  in Iberdrola S A on June 17, 2019 and sell it today you would earn a total of  39.80  from holding Iberdrola S A or generate 4.87% return on investment over 30 days.

Pair Corralation between Iberdrola and Siemens Gamesa

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for Iberdrola and Siemens Gamesa

Iberdrola S A diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Iberdrola S A and Siemens Gamesa Renewable Energ in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Siemens Gamesa Renew and Iberdrola 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 Iberdrola S A are associated (or correlated) with Siemens Gamesa. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Siemens Gamesa Renew has no effect on the direction of Iberdrola i.e. Iberdrola and Siemens Gamesa go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.