Correlation Analysis Between ING Group and Credit Suisse

This module allows you to analyze existing cross correlation between ING Group N V and Credit Suisse Group. You can compare the effects of market volatilities on ING Group and Credit Suisse 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 ING Group with a short position of Credit Suisse. See also your portfolio center. Please also check ongoing floating volatility patterns of ING Group and Credit Suisse.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

ING Group N  
11

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in ING Group N V are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days. In spite of rather sound fundamental drivers, ING Group is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.
Credit Suisse Group  
33

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Credit Suisse Group are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. In defiance of relatively invariable forward-looking signals, Credit Suisse is not utilizing all of its potentials. The current stock price agitation, may contribute to short term losses for the management.

ING Group and Credit Suisse Volatility Contrast

 Predicted Return Density 
      Returns 

ING Group N V  vs.  Credit Suisse Group

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, ING Group is expected to generate 1.52 times less return on investment than Credit Suisse. In addition to that, ING Group is 1.24 times more volatile than Credit Suisse Group. It trades about 0.03 of its total potential returns per unit of risk. Credit Suisse Group is currently generating about 0.05 per unit of volatility. If you would invest  1,213  in Credit Suisse Group on September 23, 2019 and sell it today you would earn a total of  47.00  from holding Credit Suisse Group or generate 3.87% return on investment over 30 days.

Pair Corralation between ING Group and Credit Suisse

0.73
Time Period3 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for ING Group and Credit Suisse

ING Group N V diversification synergy

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding ING Group N V and Credit Suisse Group in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Credit Suisse Group and ING Group 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 ING Group N V are associated (or correlated) with Credit Suisse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Credit Suisse Group has no effect on the direction of ING Group i.e. ING Group and Credit Suisse go up and down completely randomly.
See also your portfolio center. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.


 
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