Correlation Between Bgc Partners and LQ BARR

Specify exactly 2 symbols:
Can any of the company-specific risk be diversified away by investing in both Bgc Partners and LQ BARR 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 Bgc Partners and LQ BARR into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Bgc Partners Cl and LQ BARR EXP, you can compare the effects of market volatilities on Bgc Partners and LQ BARR 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 Bgc Partners with a short position of LQ BARR. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bgc Partners and LQ BARR.

Diversification Opportunities for Bgc Partners and LQ BARR

0.0
  Correlation Coefficient

Pay attention - limited upside

The 3 months correlation between Bgc Partners and Q00277 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Bgc Partners Cl and LQ BARR EXP HMINZA 60 190124 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LQ BARR EXP and Bgc Partners 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 Bgc Partners Cl are associated (or correlated) with LQ BARR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LQ BARR EXP has no effect on the direction of Bgc Partners i.e., Bgc Partners and LQ BARR go up and down completely randomly.

Pair Corralation between Bgc Partners and LQ BARR

If you would invest (100.00)  in LQ BARR EXP on July 1, 2022 and sell it today you would earn a total of  100.00  from holding LQ BARR EXP or generate -100.0% return on investment over 90 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Bgc Partners Cl  vs.  LQ BARR EXP HMINZA 60 190124

 Performance (%) 
       Timeline  
Bgc Partners Cl 
Bgc Partners Performance
0 of 100
Over the last 90 days Bgc Partners Cl has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy fundamental indicators, Bgc Partners is not utilizing all of its potentials. The latest stock price disarray, may contribute to short-term losses for the insiders.

Bgc Partners Price Channel

LQ BARR EXP 
Q00277 Performance
0 of 100
Over the last 90 days LQ BARR EXP has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, LQ BARR is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Bgc Partners and LQ BARR Volatility Contrast

   Predicted Return Density   
       Returns  

Pair Trading with Bgc Partners and LQ BARR

The main advantage of trading using opposite Bgc Partners and LQ BARR positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bgc Partners position performs unexpectedly, LQ BARR 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 LQ BARR will offset losses from the drop in LQ BARR's long position.
Bgc Partners vs. Amazon Inc
The idea behind Bgc Partners Cl and LQ BARR EXP 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.
LQ BARR vs. INWIT
LQ BARR vs. CAREL INDUSTRIES
LQ BARR vs. FINE FOODS PHARMACEUTICALS
LQ BARR vs. CEMENTIR HOLDING
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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Other Complementary Tools

Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go