Correlation Between Dividend and Fiera Capital
Can any of the company-specific risk be diversified away by investing in both Dividend and Fiera Capital 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 Dividend and Fiera Capital into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Dividend 15 Split and Fiera Capital, you can compare the effects of market volatilities on Dividend and Fiera Capital 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 Dividend with a short position of Fiera Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Dividend and Fiera Capital.
Diversification Opportunities for Dividend and Fiera Capital
-0.56 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Dividend and Fiera is -0.56. Overlapping area represents the amount of risk that can be diversified away by holding Dividend 15 Split and Fiera Capital in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Fiera Capital and Dividend 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 Dividend 15 Split are associated (or correlated) with Fiera Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fiera Capital has no effect on the direction of Dividend i.e., Dividend and Fiera Capital go up and down completely randomly.
Pair Corralation between Dividend and Fiera Capital
Assuming the 90 days trading horizon Dividend 15 Split is expected to generate 0.4 times more return on investment than Fiera Capital. However, Dividend 15 Split is 2.52 times less risky than Fiera Capital. It trades about 0.55 of its potential returns per unit of risk. Fiera Capital is currently generating about -0.04 per unit of risk. If you would invest 616.00 in Dividend 15 Split on August 6, 2025 and sell it today you would earn a total of 105.00 from holding Dividend 15 Split or generate 17.05% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Dividend 15 Split vs. Fiera Capital
Performance |
| Timeline |
| Dividend 15 Split |
| Fiera Capital |
Dividend and Fiera Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Dividend and Fiera Capital
The main advantage of trading using opposite Dividend and Fiera Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Dividend position performs unexpectedly, Fiera Capital 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 Fiera Capital will offset losses from the drop in Fiera Capital's long position.| Dividend vs. Canadian General Investments | Dividend vs. Financial 15 Split | Dividend vs. Senvest Capital | Dividend vs. AGF Management Limited |
| Fiera Capital vs. Canadian Banc Corp | Fiera Capital vs. Life Banc Split | Fiera Capital vs. Financial 15 Split | Fiera Capital vs. AGF Management Limited |
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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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