Correlation Between Airbus SE and Assicurazioni Generali
Can any of the company-specific risk be diversified away by investing in both Airbus SE and Assicurazioni Generali at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Airbus SE and Assicurazioni Generali into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Airbus SE and Assicurazioni Generali SpA, you can compare the effects of market volatilities on Airbus SE and Assicurazioni Generali 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 Airbus SE with a short position of Assicurazioni Generali. Check out your portfolio center. Please also check ongoing floating volatility patterns of Airbus SE and Assicurazioni Generali.
Diversification Opportunities for Airbus SE and Assicurazioni Generali
-0.05 | Correlation Coefficient |
Good diversification
The 3 months correlation between Airbus and Assicurazioni is -0.05. Overlapping area represents the amount of risk that can be diversified away by holding Airbus SE and Assicurazioni Generali SpA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Assicurazioni Generali and Airbus SE 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 Airbus SE are associated (or correlated) with Assicurazioni Generali. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Assicurazioni Generali has no effect on the direction of Airbus SE i.e., Airbus SE and Assicurazioni Generali go up and down completely randomly.
Pair Corralation between Airbus SE and Assicurazioni Generali
Assuming the 90 days horizon Airbus SE is expected to generate 0.95 times more return on investment than Assicurazioni Generali. However, Airbus SE is 1.05 times less risky than Assicurazioni Generali. It trades about 0.2 of its potential returns per unit of risk. Assicurazioni Generali SpA is currently generating about 0.04 per unit of risk. If you would invest 17,950 in Airbus SE on August 29, 2025 and sell it today you would earn a total of 2,530 from holding Airbus SE or generate 14.09% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 98.44% |
| Values | Daily Returns |
Airbus SE vs. Assicurazioni Generali SpA
Performance |
| Timeline |
| Airbus SE |
| Assicurazioni Generali |
Airbus SE and Assicurazioni Generali Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Airbus SE and Assicurazioni Generali
The main advantage of trading using opposite Airbus SE and Assicurazioni Generali positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Airbus SE position performs unexpectedly, Assicurazioni Generali 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 Assicurazioni Generali will offset losses from the drop in Assicurazioni Generali's long position.| Airbus SE vs. HEALTHCARE REAL A | Airbus SE vs. Corporate Travel Management | Airbus SE vs. BEAZER HOMES USA | Airbus SE vs. Jupiter Fund Management |
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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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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