Storebrand Global Solutions Fund Shares Outstanding
0P0001EC8K | 2,374 14.37 0.60% |
Storebrand |
0P0001EC8K.IR fundamentals not found at this time
Did you try this?
Run Economic Indicators Now
Economic IndicatorsTop statistical indicators that provide insights into how an economy is performing |
All Next | Launch Module |
Pair Trading with Storebrand Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Storebrand Global position performs unexpectedly, the other equity 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 Storebrand Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Storebrand Fund
0.74 | IE00B065CV35 | Franklin Floating Rate | PairCorr |
0.73 | IE0032578035 | Franklin Floating Rate | PairCorr |
0.74 | IE00B000C709 | Franklin Floating Rate | PairCorr |
The ability to find closely correlated positions to Storebrand Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Storebrand Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Storebrand Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Storebrand Global Solutions to buy it.
The correlation of Storebrand Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Storebrand Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Storebrand Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Storebrand Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
CEOs Directory Screen CEOs from public companies around the world |