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This module allows you to analyze existing cross correlation between Leucadia National Corporation and NZSE. You can compare the effects of market volatilities on Leucadia National and NZSE 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 NZSE. See also your portfolio center. Please also check ongoing floating volatility patterns of Leucadia National and NZSE.
|Horizon||30 Days Login to change|
Predicted Return Density
Leucadia National Corp. vs. NZSE
If you would invest 911,463 in NZSE on February 17, 2019 and sell it today you would earn a total of 38,264 from holding NZSE or generate 4.2% return on investment over 30 days.
Pair Corralation between Leucadia National and NZSE
|Time Period||2 Months [change]|
Diversification Opportunities for Leucadia National and NZSE
Overlapping area represents the amount of risk that can be diversified away by holding Leucadia National Corp. and NZSE in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NZSE 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 NZSE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NZSE has no effect on the direction of Leucadia National i.e. Leucadia National and NZSE go up and down completely randomly.