Correlation Between Partners Group and Banque Cantonale
Can any of the company-specific risk be diversified away by investing in both Partners Group and Banque Cantonale 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 Partners Group and Banque Cantonale into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Partners Group Holding and Banque Cantonale, you can compare the effects of market volatilities on Partners Group and Banque Cantonale 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 Partners Group with a short position of Banque Cantonale. Check out your portfolio center. Please also check ongoing floating volatility patterns of Partners Group and Banque Cantonale.
Diversification Opportunities for Partners Group and Banque Cantonale
0.43 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Partners and Banque is 0.43. Overlapping area represents the amount of risk that can be diversified away by holding Partners Group Holding and Banque Cantonale in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Banque Cantonale and Partners Group 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 Partners Group Holding are associated (or correlated) with Banque Cantonale. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Banque Cantonale has no effect on the direction of Partners Group i.e., Partners Group and Banque Cantonale go up and down completely randomly.
Pair Corralation between Partners Group and Banque Cantonale
Assuming the 90 days trading horizon Partners Group Holding is expected to under-perform the Banque Cantonale. In addition to that, Partners Group is 1.45 times more volatile than Banque Cantonale. It trades about -0.15 of its total potential returns per unit of risk. Banque Cantonale is currently generating about -0.07 per unit of volatility. If you would invest 9,640 in Banque Cantonale on July 22, 2025 and sell it today you would lose (390.00) from holding Banque Cantonale or give up 4.05% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Partners Group Holding vs. Banque Cantonale
Performance |
| Timeline |
| Partners Group Holding |
| Banque Cantonale |
Partners Group and Banque Cantonale Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Partners Group and Banque Cantonale
The main advantage of trading using opposite Partners Group and Banque Cantonale positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Partners Group position performs unexpectedly, Banque Cantonale 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 Banque Cantonale will offset losses from the drop in Banque Cantonale's long position.| Partners Group vs. Swiss Life Holding | Partners Group vs. Julius Baer Gruppe | Partners Group vs. Private Equity Holding | Partners Group vs. VZ Holding AG |
| Banque Cantonale vs. Swissquote Group Holding | Banque Cantonale vs. Baloise Holding AG | Banque Cantonale vs. Luzerner Kantonalbank AG | Banque Cantonale vs. Zuger Kantonalbank |
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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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