Correlation Between FORTIS GLOBAL and C I
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By analyzing existing cross correlation between FORTIS GLOBAL INSURANCE and C I LEASING, you can compare the effects of market volatilities on FORTIS GLOBAL and C I 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 FORTIS GLOBAL with a short position of C I. Check out your portfolio center. Please also check ongoing floating volatility patterns of FORTIS GLOBAL and C I.
Diversification Opportunities for FORTIS GLOBAL and C I
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between FORTIS and CILEASING is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding FORTIS GLOBAL INSURANCE and C I LEASING in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on C I LEASING and FORTIS GLOBAL 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 FORTIS GLOBAL INSURANCE are associated (or correlated) with C I. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of C I LEASING has no effect on the direction of FORTIS GLOBAL i.e., FORTIS GLOBAL and C I go up and down completely randomly.
Pair Corralation between FORTIS GLOBAL and C I
If you would invest 373.00 in C I LEASING on April 13, 2025 and sell it today you would earn a total of 504.00 from holding C I LEASING or generate 135.12% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 48.33% |
| Values | Daily Returns |
FORTIS GLOBAL INSURANCE vs. C I LEASING
Performance |
| Timeline |
| FORTIS GLOBAL INSURANCE |
| C I LEASING |
FORTIS GLOBAL and C I Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FORTIS GLOBAL and C I
The main advantage of trading using opposite FORTIS GLOBAL and C I positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FORTIS GLOBAL position performs unexpectedly, C I 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 C I will offset losses from the drop in C I's long position.| FORTIS GLOBAL vs. GUINEA INSURANCE PLC | FORTIS GLOBAL vs. VITAFOAM NIGERIA PLC | FORTIS GLOBAL vs. SECURE ELECTRONIC TECHNOLOGY | FORTIS GLOBAL vs. SFS REAL ESTATE |
| C I vs. TRANSCORP HOTELS PLC | C I vs. ZENITH BANK PLC | C I vs. INDUSTRIAL MEDICAL GASES | C I vs. TOTALENERGIES MARKETING NIGERIA |
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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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