>

Correlation Between IMCO INDUSTRIES and ELBIT SYSTEMS

Analyzing existing cross correlation between IMCO INDUSTRIES and ELBIT SYSTEMS LTD. You can compare the effects of market volatilities on IMCO INDUSTRIES and ELBIT SYSTEMS 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 IMCO INDUSTRIES with a short position of ELBIT SYSTEMS. Check out your portfolio center. Please also check ongoing floating volatility patterns of IMCO INDUSTRIES and ELBIT SYSTEMS.
Symbolsvs
Compare

Comparative Performance

IMCO INDUSTRIES  
00

Risk-Adjusted Performance

Over the last 30 days IMCO INDUSTRIES has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, IMCO INDUSTRIES is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
ELBIT SYSTEMS LTD  
00

Risk-Adjusted Performance

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

IMCO INDUSTRIES and ELBIT SYSTEMS Volatility Contrast

IMCO INDUSTRIES  vs.  ELBIT SYSTEMS LTD

 Performance (%) 
    
  Timeline 

Pair Volatility

If you would invest (100.00)  in IMCO INDUSTRIES on January 20, 2020 and sell it today you would earn a total of  100.00  from holding IMCO INDUSTRIES or generate -100.0% return on investment over 30 days.

Pair Corralation between IMCO INDUSTRIES and ELBIT SYSTEMS

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for IMCO INDUSTRIES and ELBIT SYSTEMS

IMCO INDUSTRIES diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding IMCO INDUSTRIES and ELBIT SYSTEMS LTD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ELBIT SYSTEMS LTD and IMCO INDUSTRIES 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 IMCO INDUSTRIES are associated (or correlated) with ELBIT SYSTEMS. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ELBIT SYSTEMS LTD has no effect on the direction of IMCO INDUSTRIES i.e. IMCO INDUSTRIES and ELBIT SYSTEMS go up and down completely randomly.
Check out your portfolio center. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.