Compare Asia Pacific to Belden, Charles, General, Home Depot, Coca Cola, Chevron

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Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between positions in your portfolio represents the degree of relationship between the price movements of corresponding instruments. A correlation of about +1.0 implies that the prices move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated.

Competitive Analysis

    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
APWCBDCSCHWGEHDKOCVX
 1.22 
 1.62 
Asia Pacific
 0.74 
 59.89 
Belden
 1.04 
 71.63 
Charles
 0.19 
 64.47 
General
 0.79 
 268.69 
Home Depot
 2.57 
 56.38 
Coca Cola
 0.0426 
 141.02 
Chevron
Market Volatility
(90 Days Market Risk)
Market Performance
(90 Days Performance)
Odds of Financial Distress
(Probability Of Bankruptcy)
Current Valuation
(Equity Enterprise Value)
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Number of Shares Shorted
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Z Score
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Market Risk Adjusted Performance
Risk Adjusted Performance
Skewness
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Information Ratio
Value At Risk
Expected Short fall
Downside Deviation
Semi Variance

Market Neutrality

One of the main advantages of trading using market-neutral strategies is that every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses.
Please note, the success of pairs trading depends heavily on the modeling and forecasting of the spread time series. However, in general, pair trading minimizes risk from directional movements in the market unless the strategy's equities are perfectly correlated. For example, if an entire industry or sector drops because of unexpected headlines, the first equity's short position will appreciate offsetting losses from the drop in the long position's value.

Use Investing Themes to Complement your positions

You can quickly originate your optimal portfoio using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Music and Video Thematic Idea Now

Music and Video
Music and Video Theme
Companies specializing in music, video and movie production and distribution. The Music and Video theme has 1 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Music and Video Theme or any other thematic opportunities.
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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 Transaction History module to view history of all your transactions and understand their impact on performance.

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Comparing Asia Pacific to Belden, Charles, General, Home Depot, Coca Cola, Chevron can help with the analysis of diversification possibilities from combining these positions into the same portfolio. You can use this module to analyze the advantages of Asia Pacific to Belden, Charles, General, Home Depot, Coca Cola, Chevron, other equities' technical and fundamental indicators across other peers. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative strength of Asia Pacific to Belden, Charles, General, Home Depot, Coca Cola, Chevron, and other instruments against each other as well as their competitors. Check out your portfolio center.