Correlation Analysis Between MAABAROT PRODUCTS and American Airlines

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

Comparative Performance

MAABAROT PRODUCTS  
1111

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in MAABAROT PRODUCTS are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, MAABAROT PRODUCTS sustained solid returns over the last few months and may actually be approaching a breakup point.
American Airlines  
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Risk-Adjusted Performance

Over the last 30 days American Airlines Group has generated negative risk-adjusted returns adding no value to investors with long positions. Even with sluggish performance in the last few months, the Stock's technical indicators remain considerably steady which may send shares a bit higher in September 2019. The new chaos may also be a sign of medium term up-swing for the business stakeholders.

MAABAROT PRODUCTS and American Airlines Volatility Contrast

 Predicted Return Density 
      Returns 

MAABAROT PRODUCTS  vs.  American Airlines Group Inc

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, MAABAROT PRODUCTS is expected to generate 2.58 times more return on investment than American Airlines. However, MAABAROT PRODUCTS is 2.58 times more volatile than American Airlines Group. It trades about 0.17 of its potential returns per unit of risk. American Airlines Group is currently generating about -0.18 per unit of risk. If you would invest  379,900  in MAABAROT PRODUCTS on July 22, 2019 and sell it today you would earn a total of  104,000  from holding MAABAROT PRODUCTS or generate 27.38% return on investment over 30 days.

Pair Corralation between MAABAROT PRODUCTS and American Airlines

-0.66
Time Period2 Months [change]
DirectionNegative 
StrengthWeak
Accuracy67.44%
ValuesDaily Returns

Diversification Opportunities for MAABAROT PRODUCTS and American Airlines

MAABAROT PRODUCTS diversification synergy

Excellent diversification

Overlapping area represents the amount of risk that can be diversified away by holding MAABAROT PRODUCTS and American Airlines Group Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on American Airlines and MAABAROT PRODUCTS 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 MAABAROT PRODUCTS are associated (or correlated) with American Airlines. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of American Airlines has no effect on the direction of MAABAROT PRODUCTS i.e. MAABAROT PRODUCTS and American Airlines go up and down completely randomly.

MAABAROT PRODUCTS

Pair trading matchups for MAABAROT PRODUCTS

See also your portfolio center. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.


 
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