Correlation Between ECOBANK TRANSNATIONAL and SFS REAL
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By analyzing existing cross correlation between ECOBANK TRANSNATIONAL INCORPORATED and SFS REAL ESTATE, you can compare the effects of market volatilities on ECOBANK TRANSNATIONAL and SFS REAL 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 ECOBANK TRANSNATIONAL with a short position of SFS REAL. Check out your portfolio center. Please also check ongoing floating volatility patterns of ECOBANK TRANSNATIONAL and SFS REAL.
Diversification Opportunities for ECOBANK TRANSNATIONAL and SFS REAL
0.35 | Correlation Coefficient |
Weak diversification
The 3 months correlation between ECOBANK and SFS is 0.35. Overlapping area represents the amount of risk that can be diversified away by holding ECOBANK TRANSNATIONAL INCORPOR and SFS REAL ESTATE in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SFS REAL ESTATE and ECOBANK TRANSNATIONAL 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 ECOBANK TRANSNATIONAL INCORPORATED are associated (or correlated) with SFS REAL. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SFS REAL ESTATE has no effect on the direction of ECOBANK TRANSNATIONAL i.e., ECOBANK TRANSNATIONAL and SFS REAL go up and down completely randomly.
Pair Corralation between ECOBANK TRANSNATIONAL and SFS REAL
Assuming the 90 days trading horizon ECOBANK TRANSNATIONAL INCORPORATED is expected to generate 1.93 times more return on investment than SFS REAL. However, ECOBANK TRANSNATIONAL is 1.93 times more volatile than SFS REAL ESTATE. It trades about 0.1 of its potential returns per unit of risk. SFS REAL ESTATE is currently generating about 0.18 per unit of risk. If you would invest 2,925 in ECOBANK TRANSNATIONAL INCORPORATED on April 22, 2025 and sell it today you would earn a total of 575.00 from holding ECOBANK TRANSNATIONAL INCORPORATED or generate 19.66% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Very Weak |
Accuracy | 100.0% |
Values | Daily Returns |
ECOBANK TRANSNATIONAL INCORPOR vs. SFS REAL ESTATE
Performance |
Timeline |
ECOBANK TRANSNATIONAL |
SFS REAL ESTATE |
ECOBANK TRANSNATIONAL and SFS REAL Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with ECOBANK TRANSNATIONAL and SFS REAL
The main advantage of trading using opposite ECOBANK TRANSNATIONAL and SFS REAL positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ECOBANK TRANSNATIONAL position performs unexpectedly, SFS REAL 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 SFS REAL will offset losses from the drop in SFS REAL's long position.ECOBANK TRANSNATIONAL vs. SECURE ELECTRONIC TECHNOLOGY | ECOBANK TRANSNATIONAL vs. TRANSCORP HOTELS PLC | ECOBANK TRANSNATIONAL vs. STACO INSURANCE PLC | ECOBANK TRANSNATIONAL vs. INDUSTRIAL MEDICAL GASES |
SFS REAL vs. GUINEA INSURANCE PLC | SFS REAL vs. ALUMINIUM EXTRUSION IND | SFS REAL vs. VITAFOAM NIGERIA PLC | SFS REAL vs. JAPAUL OIL MARITIME |
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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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