Correlation Between SBF 120 and Stradim Espace
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By analyzing existing cross correlation between SBF 120 and Stradim Espace Finances, you can compare the effects of market volatilities on SBF 120 and Stradim Espace 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 SBF 120 with a short position of Stradim Espace. Check out your portfolio center. Please also check ongoing floating volatility patterns of SBF 120 and Stradim Espace.
Diversification Opportunities for SBF 120 and Stradim Espace
0.33 | Correlation Coefficient |
Weak diversification
The 3 months correlation between SBF and Stradim is 0.33. Overlapping area represents the amount of risk that can be diversified away by holding SBF 120 and Stradim Espace Finances in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Stradim Espace Finances and SBF 120 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 SBF 120 are associated (or correlated) with Stradim Espace. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Stradim Espace Finances has no effect on the direction of SBF 120 i.e., SBF 120 and Stradim Espace go up and down completely randomly.
Pair Corralation between SBF 120 and Stradim Espace
Assuming the 90 days trading horizon SBF 120 is expected to generate 10.84 times less return on investment than Stradim Espace. But when comparing it to its historical volatility, SBF 120 is 10.03 times less risky than Stradim Espace. It trades about 0.1 of its potential returns per unit of risk. Stradim Espace Finances is currently generating about 0.11 of returns per unit of risk over similar time horizon. If you would invest 430.00 in Stradim Espace Finances on April 23, 2025 and sell it today you would earn a total of 170.00 from holding Stradim Espace Finances or generate 39.53% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Very Weak |
Accuracy | 100.0% |
Values | Daily Returns |
SBF 120 vs. Stradim Espace Finances
Performance |
Timeline |
SBF 120 and Stradim Espace Volatility Contrast
Predicted Return Density |
Returns |
SBF 120
Pair trading matchups for SBF 120
Stradim Espace Finances
Pair trading matchups for Stradim Espace
Pair Trading with SBF 120 and Stradim Espace
The main advantage of trading using opposite SBF 120 and Stradim Espace positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SBF 120 position performs unexpectedly, Stradim Espace 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 Stradim Espace will offset losses from the drop in Stradim Espace's long position.SBF 120 vs. Cheops Technology France | SBF 120 vs. Semco Technologies Sas | SBF 120 vs. Soditech SA | SBF 120 vs. X Fab Silicon |
Stradim Espace vs. Foncire Volta | Stradim Espace vs. Artea SA | Stradim Espace vs. Groupimo SA | Stradim Espace vs. Adomos SA |
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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