Correlation Between Atlantic Capital and Banc Of

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Can any of the company-specific risk be diversified away by investing in both Atlantic Capital and Banc Of 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 Atlantic Capital and Banc Of into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Atlantic Capital Bancshares and Banc Of California, you can compare the effects of market volatilities on Atlantic Capital and Banc Of 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 Atlantic Capital with a short position of Banc Of. Check out your portfolio center. Please also check ongoing floating volatility patterns of Atlantic Capital and Banc Of.

Diversification Opportunities for Atlantic Capital and Banc Of

-0.55
  Correlation Coefficient

Excellent diversification

The 3 months correlation between Atlantic and Banc Of is -0.55. Overlapping area represents the amount of risk that can be diversified away by holding Atlantic Capital Bancshares In and Banc Of California Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Banc Of California and Atlantic Capital 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 Atlantic Capital Bancshares are associated (or correlated) with Banc Of. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Banc Of California has no effect on the direction of Atlantic Capital i.e., Atlantic Capital and Banc Of go up and down completely randomly.

Pair Corralation between Atlantic Capital and Banc Of

If you would invest  3,234  in Atlantic Capital Bancshares on June 30, 2022 and sell it today you would earn a total of  0.00  from holding Atlantic Capital Bancshares or generate 0.0% return on investment over 90 days.
Time Period3 Months [change]
DirectionMoves Against 
StrengthVery Weak
Accuracy4.55%
ValuesDaily Returns

Atlantic Capital Bancshares In  vs.  Banc Of California Inc

 Performance (%) 
       Timeline  
Atlantic Capital Ban 
Atlantic Performance
0 of 100
Over the last 90 days Atlantic Capital Bancshares has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental drivers, Atlantic Capital is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders.
Banc Of California 
Banc Of Performance
0 of 100
Over the last 90 days Banc Of California has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Banc Of is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors.

Banc Of Price Channel

Atlantic Capital and Banc Of Volatility Contrast

   Predicted Return Density   
       Returns  

Pair Trading with Atlantic Capital and Banc Of

The main advantage of trading using opposite Atlantic Capital and Banc Of positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Atlantic Capital position performs unexpectedly, Banc Of 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 Banc Of will offset losses from the drop in Banc Of's long position.
Atlantic Capital vs. Amazon Inc
The idea behind Atlantic Capital Bancshares and Banc Of California pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.
Banc Of vs. Amazon Inc
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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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