Correlation Between LIVINGTRUST MORTGAGE and CONSOLIDATED HALLMARK
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By analyzing existing cross correlation between LIVINGTRUST MORTGAGE BANK and CONSOLIDATED HALLMARK HOLDINGS, you can compare the effects of market volatilities on LIVINGTRUST MORTGAGE 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 LIVINGTRUST MORTGAGE with a short position of CONSOLIDATED HALLMARK. Check out your portfolio center. Please also check ongoing floating volatility patterns of LIVINGTRUST MORTGAGE and CONSOLIDATED HALLMARK.
Diversification Opportunities for LIVINGTRUST MORTGAGE and CONSOLIDATED HALLMARK
-0.72 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between LIVINGTRUST and CONSOLIDATED is -0.72. Overlapping area represents the amount of risk that can be diversified away by holding LIVINGTRUST MORTGAGE BANK and CONSOLIDATED HALLMARK HOLDINGS in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CONSOLIDATED HALLMARK and LIVINGTRUST MORTGAGE 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 LIVINGTRUST MORTGAGE BANK 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 LIVINGTRUST MORTGAGE i.e., LIVINGTRUST MORTGAGE and CONSOLIDATED HALLMARK go up and down completely randomly.
Pair Corralation between LIVINGTRUST MORTGAGE and CONSOLIDATED HALLMARK
Assuming the 90 days trading horizon LIVINGTRUST MORTGAGE BANK is expected to under-perform the CONSOLIDATED HALLMARK. But the stock apears to be less risky and, when comparing its historical volatility, LIVINGTRUST MORTGAGE BANK is 2.79 times less risky than CONSOLIDATED HALLMARK. The stock trades about -0.31 of its potential returns per unit of risk. The CONSOLIDATED HALLMARK HOLDINGS is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest 432.00 in CONSOLIDATED HALLMARK HOLDINGS on June 8, 2025 and sell it today you would earn a total of 6.00 from holding CONSOLIDATED HALLMARK HOLDINGS or generate 1.39% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
LIVINGTRUST MORTGAGE BANK vs. CONSOLIDATED HALLMARK HOLDINGS
Performance |
| Timeline |
| LIVINGTRUST MORTGAGE BANK |
| CONSOLIDATED HALLMARK |
LIVINGTRUST MORTGAGE and CONSOLIDATED HALLMARK Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with LIVINGTRUST MORTGAGE and CONSOLIDATED HALLMARK
The main advantage of trading using opposite LIVINGTRUST MORTGAGE and CONSOLIDATED HALLMARK positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if LIVINGTRUST MORTGAGE 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.| LIVINGTRUST MORTGAGE vs. GUINEA INSURANCE PLC | LIVINGTRUST MORTGAGE vs. ALUMINIUM EXTRUSION IND | LIVINGTRUST MORTGAGE vs. VITAFOAM NIGERIA PLC | LIVINGTRUST MORTGAGE vs. JAPAUL OIL MARITIME |
| CONSOLIDATED HALLMARK vs. ASO SAVINGS AND | CONSOLIDATED HALLMARK vs. TOTALENERGIES MARKETING NIGERIA | CONSOLIDATED HALLMARK vs. ZENITH BANK 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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