Correlation Between AXAMANSARD INSURANCE and CONSOLIDATED HALLMARK
Specify exactly 2 symbols:
By analyzing existing cross correlation between AXAMANSARD INSURANCE PLC and CONSOLIDATED HALLMARK HOLDINGS, you can compare the effects of market volatilities on AXAMANSARD INSURANCE 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 AXAMANSARD INSURANCE with a short position of CONSOLIDATED HALLMARK. Check out your portfolio center. Please also check ongoing floating volatility patterns of AXAMANSARD INSURANCE and CONSOLIDATED HALLMARK.
Diversification Opportunities for AXAMANSARD INSURANCE and CONSOLIDATED HALLMARK
0.75 | Correlation Coefficient |
Poor diversification
The 3 months correlation between AXAMANSARD and CONSOLIDATED is 0.75. Overlapping area represents the amount of risk that can be diversified away by holding AXAMANSARD INSURANCE PLC and CONSOLIDATED HALLMARK HOLDINGS in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CONSOLIDATED HALLMARK and AXAMANSARD INSURANCE 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 AXAMANSARD INSURANCE PLC 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 AXAMANSARD INSURANCE i.e., AXAMANSARD INSURANCE and CONSOLIDATED HALLMARK go up and down completely randomly.
Pair Corralation between AXAMANSARD INSURANCE and CONSOLIDATED HALLMARK
Assuming the 90 days trading horizon AXAMANSARD INSURANCE PLC is expected to generate 0.91 times more return on investment than CONSOLIDATED HALLMARK. However, AXAMANSARD INSURANCE PLC is 1.1 times less risky than CONSOLIDATED HALLMARK. It trades about 0.26 of its potential returns per unit of risk. CONSOLIDATED HALLMARK HOLDINGS is currently generating about 0.13 per unit of risk. If you would invest 850.00 in AXAMANSARD INSURANCE PLC on May 26, 2025 and sell it today you would earn a total of 847.00 from holding AXAMANSARD INSURANCE PLC or generate 99.65% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
AXAMANSARD INSURANCE PLC vs. CONSOLIDATED HALLMARK HOLDINGS
Performance |
| Timeline |
| AXAMANSARD INSURANCE PLC |
| CONSOLIDATED HALLMARK |
AXAMANSARD INSURANCE and CONSOLIDATED HALLMARK Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with AXAMANSARD INSURANCE and CONSOLIDATED HALLMARK
The main advantage of trading using opposite AXAMANSARD INSURANCE and CONSOLIDATED HALLMARK positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AXAMANSARD INSURANCE 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.| AXAMANSARD INSURANCE vs. NEM INSURANCE PLC | AXAMANSARD INSURANCE vs. UNION HOMES REAL | AXAMANSARD INSURANCE vs. STACO INSURANCE PLC | AXAMANSARD INSURANCE vs. MULTIVERSE MINING AND |
| CONSOLIDATED HALLMARK vs. FORTIS GLOBAL INSURANCE | CONSOLIDATED HALLMARK vs. MULTI TREX INTEGRATED FOODS | CONSOLIDATED HALLMARK vs. UNITY BANK PLC | CONSOLIDATED HALLMARK vs. ASO SAVINGS AND |
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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Other Complementary Tools
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |