## Correlation Between SOUTHERN LATEX and DOW |

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

#### Specify exactly 2 symbols:

## Diversification Opportunities for SOUTHERN LATEX and DOW

-0.69 | Correlation Coefficient | SOUTHERN LATEX LTD DOW |

### Excellent diversification

The 3 months correlation between SOUTHERN and DOW is

**-0.69**. Overlapping area represents the amount of risk that can be diversified away by holding SOUTHERN LATEX LTD and DOW in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on DOW and SOUTHERN LATEX 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 SOUTHERN LATEX LTD are associated (or correlated) with DOW. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DOW has no effect on the direction of SOUTHERN LATEX i.e. SOUTHERN LATEX and DOW go up and down completely randomly.## Pair Corralation between SOUTHERN LATEX and DOW

Assuming the 30 trading days horizon, SOUTHERN LATEX LTD is expected to under-perform the DOW. But the stock apears to be less risky and, when comparing its historical volatility, SOUTHERN LATEX LTD is 1.26 times less risky than DOW. The stock trades about -0.33 of its potential returns per unit of risk. The DOW is currently generating about 0.1 of returns per unit of risk over similar time horizon. If you would invest

**2,339,077**in DOW on**June 9, 2020**and sell it today you would**earn a total of 249,136**from holding DOW or generate**10.65%**return on investment over**30**days.Time Period | 3 Months [change] |

Direction | Moves Against |

Strength | Weak |

Accuracy | 77.42% |

Values | Daily Returns |

## SOUTHERN LATEX LTD vs. DOW

Performance (%) |

Timeline |

Predicted Return Density |

Returns |

## SOUTHERN LATEX LTD

### Pair trading matchups for SOUTHERN LATEX

## SOUTHERN LATEX LTD

### Pair trading matchups for SOUTHERN LATEX

## DOW

### Pair trading matchups for DOW

Check out your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies,
are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information
is derived directly from data published by
companies or submitted to governmental agencies which we believe are reliable, but are without our
independent verification. Therefore, we cannot assure you that the information is accurate or complete.
We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations.
Also, note that past performance is not necessarily indicative of future results. All investments carry risk,
and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee
that systems, indicators, or signals will result in profits or that they will not result in losses.
All investors are advised to fully understand all risks associated with any investing they choose to do.
Hypothetical or simulated performance is not indicative of future results.
We make no representations or warranties that any investor will, or is likely to, achieve profits
similar to those shown because hypothetical or simulated performance is not necessarily indicative
of future results. For more information please visit our
terms and condition page