Correlation Between Seluxit AS and Sydbank AS

By analyzing existing cross correlation between Seluxit AS and Sydbank AS you can compare the effects of market volatilities on Seluxit AS and Sydbank AS 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 Seluxit AS with a short position of Sydbank AS. Check out your portfolio center. Please also check ongoing floating volatility patterns of Seluxit AS and Sydbank AS.

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Can any of the company-specific risk be diversified away by investing in both Seluxit AS and Sydbank AS 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 Seluxit AS and Sydbank AS into the same portfolio which is an essential part of fundamental portfolio management process.

Diversification Opportunities for Seluxit AS and Sydbank AS

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Correlation
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Pay attention - limited upside

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

Pair Corralation between Seluxit AS and Sydbank AS

If you would invest (100.00)  in Seluxit AS on April 28, 2020 and sell it today you would earn a total of  100.00  from holding Seluxit AS or generate -100.0% return on investment over 30 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Seluxit AS  vs.  Sydbank AS

 Performance (%) 
      Timeline 
Seluxit AS 
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Seluxit AS Risk-Adjusted Performance

Over the last 30 days Seluxit AS has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Seluxit AS is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Sydbank AS 
00

Sydbank AS Risk-Adjusted Performance

Over the last 30 days Sydbank AS has generated negative risk-adjusted returns adding no value to investors with long positions. Allthough quite persistent forward indicators, Sydbank AS is not utilizing all of its potentials. The existing stock price mess, may contribute to short term losses for the partners.

Seluxit AS and Sydbank AS Volatility Contrast

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