Correlation Analysis Between LYXOR FTSE and ENGIE

This module allows you to analyze existing cross correlation between LYXOR FTSE IT MIDCAP PIR DR UCI and ENGIE. You can compare the effects of market volatilities on LYXOR FTSE and ENGIE 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 LYXOR FTSE with a short position of ENGIE. See also your portfolio center. Please also check ongoing floating volatility patterns of LYXOR FTSE and ENGIE.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

LYXOR FTSE IT  
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Risk-Adjusted Performance

Over the last 30 days LYXOR FTSE IT MIDCAP PIR DR UCI has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, LYXOR FTSE is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
ENGIE  
00

Risk-Adjusted Performance

Over the last 30 days ENGIE has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, ENGIE is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.

LYXOR FTSE and ENGIE Volatility Contrast

LYXOR FTSE IT MIDCAP PIR DR UC  vs.  ENGIE

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in ENGIE on August 17, 2019 and sell it today you would earn a total of  0.00  from holding ENGIE or generate 0.0% return on investment over 30 days.

Pair Corralation between LYXOR FTSE and ENGIE

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

Diversification Opportunities for LYXOR FTSE and ENGIE

LYXOR FTSE IT MIDCAP PIR DR UC diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LYXOR FTSE IT MIDCAP PIR DR UC and ENGIE in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ENGIE and LYXOR FTSE 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 LYXOR FTSE IT MIDCAP PIR DR UCI are associated (or correlated) with ENGIE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ENGIE has no effect on the direction of LYXOR FTSE i.e. LYXOR FTSE and ENGIE go up and down completely randomly.
See also your portfolio center. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.


 
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