This module allows you to analyze existing cross correlation between Leucadia National Corporation and All Ords. You can compare the effects of market volatilities on Leucadia National and All Ords 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 Leucadia National with a short position of All Ords. See also your portfolio center. Please also check ongoing floating volatility patterns of Leucadia National and All Ords.
|Horizon||30 Days Login to change|
Leucadia National Corp. vs. All Ords
If you would invest 659,810 in All Ords on June 20, 2019 and sell it today you would earn a total of 13,730 from holding All Ords or generate 2.08% return on investment over 30 days.
Pair Corralation between Leucadia National and All Ords
|Time Period||2 Months [change]|
Diversification Opportunities for Leucadia National and All Ords
Overlapping area represents the amount of risk that can be diversified away by holding Leucadia National Corp. and All Ords in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on All Ords and Leucadia National 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 Leucadia National Corporation are associated (or correlated) with All Ords. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of All Ords has no effect on the direction of Leucadia National i.e. Leucadia National and All Ords go up and down completely randomly.
See also your portfolio center. Please also try Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.