Correlation has a time interval attached to it. Just like stock price, its coefficient may change everyday based on time interval. As of June last year, the divergence began. A2M and BAL price movements were not going to be friends from there onwards. I wound't call 77% a super strong correlation either.
If I was a fund manager, and my quant came upto me saying short A2M cause BAL report was unattractive, I'd politely send him/her on an unpaid leave.
bal earnings report, page-41
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add A2M (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.52 |
Change
0.010(0.18%) |
Mkt cap ! $3.808B | |||
| Open | High | Low | Value | Volume |
| $5.65 | $5.67 | $5.50 | $6.924M | 1.245M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 21634 | $5.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.52 | 4329 | 3 |
View Market Depth
| Last trade - 14.59pm 26/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |
