Correlation Analysis Between BANCO PATAGONIA and ATT

Analyzing existing cross correlation between BANCO PATAGONIA SA and ATT. You can compare the effects of market volatilities on BANCO PATAGONIA and ATT 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 BANCO PATAGONIA with a short position of ATT. See also your portfolio center. Please also check ongoing floating volatility patterns of BANCO PATAGONIA and ATT.
Horizon     30 Days    Login   to change
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Comparative Performance

BANCO PATAGONIA SA  
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Risk-Adjusted Performance

Over the last 30 days BANCO PATAGONIA SA has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, BANCO PATAGONIA is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
ATT  
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Risk-Adjusted Performance

Over the last 30 days ATT has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, ATT is not utilizing all of its potentials. The current stock price uproar, may contribute to short horizon losses for the leadership.

BANCO PATAGONIA and ATT Volatility Contrast

BANCO PATAGONIA SA  vs.  ATT Inc

 Performance (%) 
    
  Timeline 

Pair Volatility

If you would invest  3,823  in ATT on December 20, 2019 and sell it today you would earn a total of  15.00  from holding ATT or generate 0.39% return on investment over 30 days.

Pair Corralation between BANCO PATAGONIA and ATT

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Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for BANCO PATAGONIA and ATT

BANCO PATAGONIA SA diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding BANCO PATAGONIA SA and ATT Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ATT and BANCO PATAGONIA 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 BANCO PATAGONIA SA are associated (or correlated) with ATT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ATT has no effect on the direction of BANCO PATAGONIA i.e. BANCO PATAGONIA and ATT go up and down completely randomly.

BANCO PATAGONIA SA

Pair trading matchups for BANCO PATAGONIA

See also your portfolio center. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.