This module allows you to analyze existing cross correlation between Leucadia National Corporation and S&P 500. You can compare the effects of market volatilities on Leucadia National and SP 500 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 SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of Leucadia National and SP 500.
|Horizon||30 Days Login to change|
Predicted Return Density
Leucadia National Corp. vs. S&P 500
If you would invest 282,224 in S&P 500 on June 22, 2019 and sell it today you would earn a total of 16,279 from holding S&P 500 or generate 5.77% return on investment over 30 days.
Pair Corralation between Leucadia National and SP 500
|Time Period||2 Months [change]|
Diversification Opportunities for Leucadia National and SP 500
Overlapping area represents the amount of risk that can be diversified away by holding Leucadia National Corp. and S&P 500 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on SP 500 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 SP 500. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SP 500 has no effect on the direction of Leucadia National i.e. Leucadia National and SP 500 go up and down completely randomly.
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