Correlation Analysis Between Ford Motor and ARGENTINA FRN

This module allows you to analyze existing cross correlation between Ford Motor Company and ARGENTINA FRN 042022 A. You can compare the effects of market volatilities on Ford Motor and ARGENTINA FRN 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 Ford Motor with a short position of ARGENTINA FRN. See also your portfolio center. Please also check ongoing floating volatility patterns of Ford Motor and ARGENTINA FRN.
Horizon     30 Days    Login   to change
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Comparative Performance

Ford Motor  
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Risk-Adjusted Performance

Over the last 30 days Ford Motor Company has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Ford Motor is not utilizing all of its potentials. The new stock price tumult, may contribute to shorter-term losses for the shareholders.
ARGENTINA FRN 042022  
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Risk-Adjusted Performance

Over the last 30 days ARGENTINA FRN 042022 A has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, ARGENTINA FRN is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

Ford Motor and ARGENTINA FRN Volatility Contrast

Ford Motor Company  vs.  ARGENTINA FRN 042022 A

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in ARGENTINA FRN 042022 A on November 9, 2019 and sell it today you would earn a total of  100.00  from holding ARGENTINA FRN 042022 A or generate -100.0% return on investment over 30 days.

Pair Corralation between Ford Motor and ARGENTINA FRN

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

Diversification Opportunities for Ford Motor and ARGENTINA FRN

Ford Motor Company diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor Company and ARGENTINA FRN 042022 A in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ARGENTINA FRN 042022 and Ford Motor 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 Ford Motor Company are associated (or correlated) with ARGENTINA FRN. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ARGENTINA FRN 042022 has no effect on the direction of Ford Motor i.e. Ford Motor and ARGENTINA FRN go up and down completely randomly.
See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.


 
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