Correlation Between ABBEY MORTGAGE and STACO INSURANCE
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By analyzing existing cross correlation between ABBEY MORTGAGE BANK and STACO INSURANCE PLC, you can compare the effects of market volatilities on ABBEY MORTGAGE and STACO INSURANCE 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 ABBEY MORTGAGE with a short position of STACO INSURANCE. Check out your portfolio center. Please also check ongoing floating volatility patterns of ABBEY MORTGAGE and STACO INSURANCE.
Diversification Opportunities for ABBEY MORTGAGE and STACO INSURANCE
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between ABBEY and STACO is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding ABBEY MORTGAGE BANK and STACO INSURANCE PLC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on STACO INSURANCE PLC and ABBEY MORTGAGE 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 ABBEY MORTGAGE BANK are associated (or correlated) with STACO INSURANCE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of STACO INSURANCE PLC has no effect on the direction of ABBEY MORTGAGE i.e., ABBEY MORTGAGE and STACO INSURANCE go up and down completely randomly.
Pair Corralation between ABBEY MORTGAGE and STACO INSURANCE
If you would invest 152.00 in ABBEY MORTGAGE BANK on March 24, 2025 and sell it today you would earn a total of 438.00 from holding ABBEY MORTGAGE BANK or generate 288.16% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
ABBEY MORTGAGE BANK vs. STACO INSURANCE PLC
Performance |
| Timeline |
| ABBEY MORTGAGE BANK |
| STACO INSURANCE PLC |
ABBEY MORTGAGE and STACO INSURANCE Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with ABBEY MORTGAGE and STACO INSURANCE
The main advantage of trading using opposite ABBEY MORTGAGE and STACO INSURANCE positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ABBEY MORTGAGE position performs unexpectedly, STACO INSURANCE 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 STACO INSURANCE will offset losses from the drop in STACO INSURANCE's long position.| ABBEY MORTGAGE vs. CONSOLIDATED HALLMARK INSURANCE | ABBEY MORTGAGE vs. STERLING FINANCIAL HOLDINGS | ABBEY MORTGAGE vs. NIGERIAN BREWERIES PLC | ABBEY MORTGAGE vs. UNIVERSAL INSURANCE PANY |
| STACO INSURANCE vs. FIDSON HEALTHCARE PLC | STACO INSURANCE vs. UNIVERSAL INSURANCE PANY | STACO INSURANCE vs. SECURE ELECTRONIC TECHNOLOGY | STACO INSURANCE vs. INDUSTRIAL MEDICAL GASES |
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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