Correlation Between F SECURE and Sampo Oyj
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By analyzing existing cross correlation between F SECURE OYJ and Sampo Oyj A, you can compare the effects of market volatilities on F SECURE and Sampo Oyj 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 F SECURE with a short position of Sampo Oyj. Check out your portfolio center. Please also check ongoing floating volatility patterns of F SECURE and Sampo Oyj.
Diversification Opportunities for F SECURE and Sampo Oyj
Excellent diversification
The 3 months correlation between FSECURE and Sampo is -0.69. Overlapping area represents the amount of risk that can be diversified away by holding F SECURE OYJ and Sampo Oyj A in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sampo Oyj A and F SECURE 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 F SECURE OYJ are associated (or correlated) with Sampo Oyj. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sampo Oyj A has no effect on the direction of F SECURE i.e., F SECURE and Sampo Oyj go up and down completely randomly.
Pair Corralation between F SECURE and Sampo Oyj
Assuming the 90 days trading horizon F SECURE OYJ is expected to generate 3.08 times more return on investment than Sampo Oyj. However, F SECURE is 3.08 times more volatile than Sampo Oyj A. It trades about 0.21 of its potential returns per unit of risk. Sampo Oyj A is currently generating about 0.06 per unit of risk. If you would invest 188.00 in F SECURE OYJ on January 28, 2024 and sell it today you would earn a total of 20.00 from holding F SECURE OYJ or generate 10.64% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Against |
Strength | Weak |
Accuracy | 100.0% |
Values | Daily Returns |
F SECURE OYJ vs. Sampo Oyj A
Performance |
Timeline |
F SECURE OYJ |
Sampo Oyj A |
F SECURE and Sampo Oyj Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with F SECURE and Sampo Oyj
The main advantage of trading using opposite F SECURE and Sampo Oyj positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if F SECURE position performs unexpectedly, Sampo Oyj can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sampo Oyj will offset losses from the drop in Sampo Oyj's long position.F SECURE vs. Qt Group Oyj | F SECURE vs. Tokmanni Group Oyj | F SECURE vs. Harvia Oyj | F SECURE vs. TietoEVRY Corp |
Sampo Oyj vs. Lemonsoft Oyj | Sampo Oyj vs. Enento Group Plc | Sampo Oyj vs. Nordea Bank Abp | Sampo Oyj vs. Terveystalo Oy |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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