Correlation Between KTBST Mixed and 3BB INTERNET
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By analyzing existing cross correlation between KTBST Mixed Leasehold and 3BB INTERNET INFRASTRUCTURE, you can compare the effects of market volatilities on KTBST Mixed and 3BB INTERNET 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 KTBST Mixed with a short position of 3BB INTERNET. Check out your portfolio center. Please also check ongoing floating volatility patterns of KTBST Mixed and 3BB INTERNET.
Diversification Opportunities for KTBST Mixed and 3BB INTERNET
0.08 | Correlation Coefficient |
Significant diversification
The 3 months correlation between KTBST and 3BB is 0.08. Overlapping area represents the amount of risk that can be diversified away by holding KTBST Mixed Leasehold and 3BB INTERNET INFRASTRUCTURE in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on 3BB INTERNET INFRAST and KTBST Mixed 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 KTBST Mixed Leasehold are associated (or correlated) with 3BB INTERNET. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of 3BB INTERNET INFRAST has no effect on the direction of KTBST Mixed i.e., KTBST Mixed and 3BB INTERNET go up and down completely randomly.
Pair Corralation between KTBST Mixed and 3BB INTERNET
Assuming the 90 days trading horizon KTBST Mixed Leasehold is expected to generate 0.84 times more return on investment than 3BB INTERNET. However, KTBST Mixed Leasehold is 1.2 times less risky than 3BB INTERNET. It trades about -0.08 of its potential returns per unit of risk. 3BB INTERNET INFRASTRUCTURE is currently generating about -0.23 per unit of risk. If you would invest 643.00 in KTBST Mixed Leasehold on September 15, 2024 and sell it today you would lose (8.00) from holding KTBST Mixed Leasehold or give up 1.24% of portfolio value over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Insignificant |
Accuracy | 100.0% |
Values | Daily Returns |
KTBST Mixed Leasehold vs. 3BB INTERNET INFRASTRUCTURE
Performance |
Timeline |
KTBST Mixed Leasehold |
3BB INTERNET INFRAST |
KTBST Mixed and 3BB INTERNET Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with KTBST Mixed and 3BB INTERNET
The main advantage of trading using opposite KTBST Mixed and 3BB INTERNET positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KTBST Mixed position performs unexpectedly, 3BB INTERNET 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 3BB INTERNET will offset losses from the drop in 3BB INTERNET's long position.KTBST Mixed vs. Ticon Freehold and | KTBST Mixed vs. CPN Retail Growth | KTBST Mixed vs. Golden Ventures Leasehold | KTBST Mixed vs. Impact Growth REIT |
3BB INTERNET vs. Delta Electronics Public | 3BB INTERNET vs. Delta Electronics Public | 3BB INTERNET vs. Airports of Thailand | 3BB INTERNET vs. Airports of Thailand |
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 the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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