Correlation Between ONETECH SOLUTIONS and Kamdar Group
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By analyzing existing cross correlation between ONETECH SOLUTIONS HOLDINGS and Kamdar Group Bhd, you can compare the effects of market volatilities on ONETECH SOLUTIONS and Kamdar Group 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 ONETECH SOLUTIONS with a short position of Kamdar Group. Check out your portfolio center. Please also check ongoing floating volatility patterns of ONETECH SOLUTIONS and Kamdar Group.
Diversification Opportunities for ONETECH SOLUTIONS and Kamdar Group
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between ONETECH and Kamdar is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding ONETECH SOLUTIONS HOLDINGS and Kamdar Group Bhd in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kamdar Group Bhd and ONETECH SOLUTIONS 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 ONETECH SOLUTIONS HOLDINGS are associated (or correlated) with Kamdar Group. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kamdar Group Bhd has no effect on the direction of ONETECH SOLUTIONS i.e., ONETECH SOLUTIONS and Kamdar Group go up and down completely randomly.
Pair Corralation between ONETECH SOLUTIONS and Kamdar Group
If you would invest (100.00) in Kamdar Group Bhd on September 12, 2024 and sell it today you would earn a total of 100.00 from holding Kamdar Group Bhd or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
ONETECH SOLUTIONS HOLDINGS vs. Kamdar Group Bhd
Performance |
| Timeline |
| ONETECH SOLUTIONS |
| Kamdar Group Bhd |
ONETECH SOLUTIONS and Kamdar Group Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with ONETECH SOLUTIONS and Kamdar Group
The main advantage of trading using opposite ONETECH SOLUTIONS and Kamdar Group positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ONETECH SOLUTIONS position performs unexpectedly, Kamdar Group 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 Kamdar Group will offset losses from the drop in Kamdar Group's long position.| ONETECH SOLUTIONS vs. Malayan Banking Bhd | ONETECH SOLUTIONS vs. Public Bank Bhd | ONETECH SOLUTIONS vs. Petronas Chemicals Group | ONETECH SOLUTIONS vs. Tenaga Nasional Bhd |
| Kamdar Group vs. MClean Technologies Bhd | Kamdar Group vs. K One Technology Bhd | Kamdar Group vs. CB Industrial Product | Kamdar Group vs. PMB Technology Bhd |
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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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