Correlation Between FORTIS GLOBAL and CONSOLIDATED HALLMARK
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By analyzing existing cross correlation between FORTIS GLOBAL INSURANCE and CONSOLIDATED HALLMARK HOLDINGS, you can compare the effects of market volatilities on FORTIS GLOBAL and CONSOLIDATED HALLMARK 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 CONSOLIDATED HALLMARK. Check out your portfolio center. Please also check ongoing floating volatility patterns of FORTIS GLOBAL and CONSOLIDATED HALLMARK.
Diversification Opportunities for FORTIS GLOBAL and CONSOLIDATED HALLMARK
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between FORTIS and CONSOLIDATED is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding FORTIS GLOBAL INSURANCE and CONSOLIDATED HALLMARK HOLDINGS in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CONSOLIDATED HALLMARK 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 CONSOLIDATED HALLMARK. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CONSOLIDATED HALLMARK has no effect on the direction of FORTIS GLOBAL i.e., FORTIS GLOBAL and CONSOLIDATED HALLMARK go up and down completely randomly.
Pair Corralation between FORTIS GLOBAL and CONSOLIDATED HALLMARK
If you would invest 302.00 in CONSOLIDATED HALLMARK HOLDINGS on June 3, 2025 and sell it today you would earn a total of 128.00 from holding CONSOLIDATED HALLMARK HOLDINGS or generate 42.38% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
FORTIS GLOBAL INSURANCE vs. CONSOLIDATED HALLMARK HOLDINGS
Performance |
| Timeline |
| FORTIS GLOBAL INSURANCE |
| CONSOLIDATED HALLMARK |
FORTIS GLOBAL and CONSOLIDATED HALLMARK Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FORTIS GLOBAL and CONSOLIDATED HALLMARK
The main advantage of trading using opposite FORTIS GLOBAL and CONSOLIDATED HALLMARK positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FORTIS GLOBAL position performs unexpectedly, CONSOLIDATED HALLMARK 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 CONSOLIDATED HALLMARK will offset losses from the drop in CONSOLIDATED HALLMARK's long position.| FORTIS GLOBAL vs. TOTALENERGIES MARKETING NIGERIA | FORTIS GLOBAL vs. CUSTODIAN INVESTMENT PLC | FORTIS GLOBAL vs. ASO SAVINGS AND | FORTIS GLOBAL vs. ECOBANK TRANSNATIONAL INCORPORATED |
| CONSOLIDATED HALLMARK vs. GOLDEN GUINEA BREWERIES | CONSOLIDATED HALLMARK vs. MULTI TREX INTEGRATED FOODS | CONSOLIDATED HALLMARK vs. BUA FOODS PLC | CONSOLIDATED HALLMARK vs. FORTIS GLOBAL INSURANCE |
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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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