Correlation Between Monsenso and LED IBond
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By analyzing existing cross correlation between Monsenso AS and LED iBond International, you can compare the effects of market volatilities on Monsenso and LED IBond 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 Monsenso with a short position of LED IBond. Check out your portfolio center. Please also check ongoing floating volatility patterns of Monsenso and LED IBond.
Diversification Opportunities for Monsenso and LED IBond
Weak diversification
The 3 months correlation between Monsenso and LED is 0.39. Overlapping area represents the amount of risk that can be diversified away by holding Monsenso AS and LED iBond International in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LED iBond International and Monsenso 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 Monsenso AS are associated (or correlated) with LED IBond. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LED iBond International has no effect on the direction of Monsenso i.e., Monsenso and LED IBond go up and down completely randomly.
Pair Corralation between Monsenso and LED IBond
Assuming the 90 days trading horizon Monsenso AS is expected to generate 0.58 times more return on investment than LED IBond. However, Monsenso AS is 1.71 times less risky than LED IBond. It trades about 0.08 of its potential returns per unit of risk. LED iBond International is currently generating about -0.02 per unit of risk. If you would invest 26.00 in Monsenso AS on April 24, 2025 and sell it today you would earn a total of 2.00 from holding Monsenso AS or generate 7.69% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Very Weak |
Accuracy | 100.0% |
Values | Daily Returns |
Monsenso AS vs. LED iBond International
Performance |
Timeline |
Monsenso AS |
LED iBond International |
Monsenso and LED IBond Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Monsenso and LED IBond
The main advantage of trading using opposite Monsenso and LED IBond positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Monsenso position performs unexpectedly, LED IBond 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 LED IBond will offset losses from the drop in LED IBond's long position.Monsenso vs. Teladoc | Monsenso vs. FOM Technologies AS | Monsenso vs. BioPorto | Monsenso vs. Shape Robotics AS |
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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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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