# Correlation Between ACCIONES APM and PELAMIOS CAPITAL

By analyzing existing cross correlation between ACCIONES APM 2001 and PELAMIOS CAPITAL SICAV you can compare the effects of market volatilities on ACCIONES APM and PELAMIOS CAPITAL 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 ACCIONES APM with a short position of PELAMIOS CAPITAL. Check out your portfolio center. Please also check ongoing floating volatility patterns of ACCIONES APM and PELAMIOS CAPITAL.

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Can any of the company-specific risk be diversified away by investing in both ACCIONES APM and PELAMIOS CAPITAL at the same time? Although using correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combing ACCIONES APM and PELAMIOS CAPITAL into the same portfolio which is an essential part of fundamental portfolio management process.

## Diversification Opportunities for ACCIONES APM and PELAMIOS CAPITAL

 0 Correlation AAPC

### Pay attention - limited upside

The 3 months correlation between ACCIONES and PELAMIOS is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding ACCIONES APM 2001 SICAV S A and PELAMIOS CAPITAL SICAV in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on PELAMIOS CAPITAL SICAV and ACCIONES APM 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 ACCIONES APM 2001 are associated (or correlated) with PELAMIOS CAPITAL. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of PELAMIOS CAPITAL SICAV has no effect on the direction of ACCIONES APM i.e. ACCIONES APM and PELAMIOS CAPITAL go up and down completely randomly.

## Pair Corralation between ACCIONES APM and PELAMIOS CAPITAL

If you would invest (100.00)  in PELAMIOS CAPITAL SICAV on May 3, 2020 and sell it today you would earn a total of  100.00  from holding PELAMIOS CAPITAL SICAV or generate -100.0% return on investment over 30 days.
 Time Period 3 Months [change] Direction Flat Strength Insignificant Accuracy 100.0% Values Daily Returns

## ACCIONES APM 2001 SICAV S A  vs.  PELAMIOS CAPITAL SICAV

 Performance (%)
 Timeline
 ACCIONES APM 2001 Correlation Profile

Over the last 30 days ACCIONES APM 2001 has generated negative risk-adjusted returns adding no value to fund investors. Even with considerably steady technical indicators, ACCIONES APM is not utilizing all of its potentials. The current stock price chaos, may contribute to medium term losses for the stakeholders.
 PELAMIOS CAPITAL SICAV Correlation Profile

Over the last 30 days PELAMIOS CAPITAL SICAV has generated negative risk-adjusted returns adding no value to fund investors. Even with considerably steady technical indicators, PELAMIOS CAPITAL is not utilizing all of its potentials. The current stock price chaos, may contribute to medium term losses for the stakeholders.

## PELAMIOS CAPITAL SICAV

### Pair trading matchups for PELAMIOS CAPITAL

Check out your portfolio center. Please also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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