Correlation Between Laan Spar and BankInvest Globale
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By analyzing existing cross correlation between Laan Spar Bank and BankInvest Globale Obl, you can compare the effects of market volatilities on Laan Spar and BankInvest Globale 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 Laan Spar with a short position of BankInvest Globale. Check out your portfolio center. Please also check ongoing floating volatility patterns of Laan Spar and BankInvest Globale.
Diversification Opportunities for Laan Spar and BankInvest Globale
0.36 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Laan and BankInvest is 0.36. Overlapping area represents the amount of risk that can be diversified away by holding Laan Spar Bank and BankInvest Globale Obl in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BankInvest Globale Obl and Laan Spar 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 Laan Spar Bank are associated (or correlated) with BankInvest Globale. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BankInvest Globale Obl has no effect on the direction of Laan Spar i.e., Laan Spar and BankInvest Globale go up and down completely randomly.
Pair Corralation between Laan Spar and BankInvest Globale
Assuming the 90 days trading horizon Laan Spar Bank is expected to generate 7.0 times more return on investment than BankInvest Globale. However, Laan Spar is 7.0 times more volatile than BankInvest Globale Obl. It trades about 0.17 of its potential returns per unit of risk. BankInvest Globale Obl is currently generating about 0.05 per unit of risk. If you would invest 89,500 in Laan Spar Bank on September 4, 2025 and sell it today you would earn a total of 21,500 from holding Laan Spar Bank or generate 24.02% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 32.81% |
| Values | Daily Returns |
Laan Spar Bank vs. BankInvest Globale Obl
Performance |
| Timeline |
| Laan Spar Bank |
| BankInvest Globale Obl |
Risk-Adjusted Performance
Soft
Weak | Strong |
Laan Spar and BankInvest Globale Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Laan Spar and BankInvest Globale
The main advantage of trading using opposite Laan Spar and BankInvest Globale positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Laan Spar position performs unexpectedly, BankInvest Globale 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 BankInvest Globale will offset losses from the drop in BankInvest Globale's long position.| Laan Spar vs. BankInv Kort HY | Laan Spar vs. Fynske Bank AS | Laan Spar vs. Groenlandsbanken AS | Laan Spar vs. NTG Nordic Transport |
| BankInvest Globale vs. Laan Spar Bank | BankInvest Globale vs. Scandinavian Medical Solutions | BankInvest Globale vs. Scandinavian Tobacco Group | BankInvest Globale vs. Prime Office AS |
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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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