Correlation Between Atlanta Braves and Criteo Sa
Can any of the company-specific risk be diversified away by investing in both Atlanta Braves and Criteo Sa 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 Atlanta Braves and Criteo Sa into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Atlanta Braves Holdings, and Criteo Sa, you can compare the effects of market volatilities on Atlanta Braves and Criteo Sa 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 Atlanta Braves with a short position of Criteo Sa. Check out your portfolio center. Please also check ongoing floating volatility patterns of Atlanta Braves and Criteo Sa.
Diversification Opportunities for Atlanta Braves and Criteo Sa
-0.66 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Atlanta and Criteo is -0.66. Overlapping area represents the amount of risk that can be diversified away by holding Atlanta Braves Holdings, and Criteo Sa in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Criteo Sa and Atlanta Braves 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 Atlanta Braves Holdings, are associated (or correlated) with Criteo Sa. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Criteo Sa has no effect on the direction of Atlanta Braves i.e., Atlanta Braves and Criteo Sa go up and down completely randomly.
Pair Corralation between Atlanta Braves and Criteo Sa
Assuming the 90 days horizon Atlanta Braves Holdings, is expected to generate 0.64 times more return on investment than Criteo Sa. However, Atlanta Braves Holdings, is 1.56 times less risky than Criteo Sa. It trades about 0.13 of its potential returns per unit of risk. Criteo Sa is currently generating about -0.01 per unit of risk. If you would invest 4,086 in Atlanta Braves Holdings, on June 1, 2025 and sell it today you would earn a total of 412.00 from holding Atlanta Braves Holdings, or generate 10.08% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Atlanta Braves Holdings, vs. Criteo Sa
Performance |
| Timeline |
| Atlanta Braves Holdings, |
| Criteo Sa |
Atlanta Braves and Criteo Sa Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Atlanta Braves and Criteo Sa
The main advantage of trading using opposite Atlanta Braves and Criteo Sa positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Atlanta Braves position performs unexpectedly, Criteo Sa 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 Criteo Sa will offset losses from the drop in Criteo Sa's long position.| Atlanta Braves vs. Liberty Media | Atlanta Braves vs. The Liberty Braves | Atlanta Braves vs. Madison Square Garden | Atlanta Braves vs. Liberty Media |
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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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