Correlation Between Aston Montag and Credit Suisse
Can any of the company-specific risk be diversified away by investing in both Aston Montag and Credit Suisse at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Aston Montag and Credit Suisse into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Aston Montag Caldwell and Credit Suisse Modity, you can compare the effects of market volatilities on Aston Montag and Credit Suisse 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 Aston Montag with a short position of Credit Suisse. Check out your portfolio center. Please also check ongoing floating volatility patterns of Aston Montag and Credit Suisse.
Diversification Opportunities for Aston Montag and Credit Suisse
0.48 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Aston and Credit is 0.48. Overlapping area represents the amount of risk that can be diversified away by holding Aston Montag Caldwell and Credit Suisse Modity in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Credit Suisse Modity and Aston Montag 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 Aston Montag Caldwell are associated (or correlated) with Credit Suisse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Credit Suisse Modity has no effect on the direction of Aston Montag i.e., Aston Montag and Credit Suisse go up and down completely randomly.
Pair Corralation between Aston Montag and Credit Suisse
Assuming the 90 days horizon Aston Montag Caldwell is expected to generate 1.1 times more return on investment than Credit Suisse. However, Aston Montag is 1.1 times more volatile than Credit Suisse Modity. It trades about 0.33 of its potential returns per unit of risk. Credit Suisse Modity is currently generating about 0.04 per unit of risk. If you would invest 1,142 in Aston Montag Caldwell on April 24, 2025 and sell it today you would earn a total of 217.00 from holding Aston Montag Caldwell or generate 19.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 98.39% |
| Values | Daily Returns |
Aston Montag Caldwell vs. Credit Suisse Modity
Performance |
| Timeline |
| Aston Montag Caldwell |
| Credit Suisse Modity |
Aston Montag and Credit Suisse Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Aston Montag and Credit Suisse
The main advantage of trading using opposite Aston Montag and Credit Suisse positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Aston Montag position performs unexpectedly, Credit Suisse 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 Credit Suisse will offset losses from the drop in Credit Suisse's long position.| Aston Montag vs. Credit Suisse Modity | Aston Montag vs. Selected American Shares | Aston Montag vs. Causeway International Value | Aston Montag vs. Marsico Focus Fund |
| Credit Suisse vs. Deutsche Health And | Credit Suisse vs. Fidelity Advisor Health | Credit Suisse vs. Schwab Health Care | Credit Suisse vs. Eventide Healthcare Life |
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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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