Correlation Between DAX Index and SSC Technologies
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By analyzing existing cross correlation between DAX Index and SSC Technologies Holdings, you can compare the effects of market volatilities on DAX Index and SSC Technologies 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 DAX Index with a short position of SSC Technologies. Check out your portfolio center. Please also check ongoing floating volatility patterns of DAX Index and SSC Technologies.
Diversification Opportunities for DAX Index and SSC Technologies
0.65 | Correlation Coefficient |
Poor diversification
The 3 months correlation between DAX and SSC is 0.65. Overlapping area represents the amount of risk that can be diversified away by holding DAX Index and SSC Technologies Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SSC Technologies Holdings and DAX Index 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 DAX Index are associated (or correlated) with SSC Technologies. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SSC Technologies Holdings has no effect on the direction of DAX Index i.e., DAX Index and SSC Technologies go up and down completely randomly.
Pair Corralation between DAX Index and SSC Technologies
Assuming the 90 days trading horizon DAX Index is expected to generate 0.62 times more return on investment than SSC Technologies. However, DAX Index is 1.61 times less risky than SSC Technologies. It trades about 0.17 of its potential returns per unit of risk. SSC Technologies Holdings is currently generating about 0.09 per unit of risk. If you would invest 2,224,245 in DAX Index on April 25, 2025 and sell it today you would earn a total of 199,837 from holding DAX Index or generate 8.98% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Significant |
Accuracy | 100.0% |
Values | Daily Returns |
DAX Index vs. SSC Technologies Holdings
Performance |
Timeline |
DAX Index and SSC Technologies Volatility Contrast
Predicted Return Density |
Returns |
DAX Index
Pair trading matchups for DAX Index
SSC Technologies Holdings
Pair trading matchups for SSC Technologies
Pair Trading with DAX Index and SSC Technologies
The main advantage of trading using opposite DAX Index and SSC Technologies positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if DAX Index position performs unexpectedly, SSC Technologies 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 SSC Technologies will offset losses from the drop in SSC Technologies' long position.DAX Index vs. Transport International Holdings | DAX Index vs. GOLDGROUP MINING INC | DAX Index vs. LION ONE METALS | DAX Index vs. SUPERNOVA METALS P |
SSC Technologies vs. COPLAND ROAD CAPITAL | SSC Technologies vs. G III APPAREL GROUP | SSC Technologies vs. URBAN OUTFITTERS | SSC Technologies vs. BROADPEAK SA EO |
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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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