Correlation Between Bangkok Expressway and Intouch Holdings
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By analyzing existing cross correlation between Bangkok Expressway and and Intouch Holdings Public, you can compare the effects of market volatilities on Bangkok Expressway and Intouch Holdings 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 Bangkok Expressway with a short position of Intouch Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bangkok Expressway and Intouch Holdings.
Diversification Opportunities for Bangkok Expressway and Intouch Holdings
0.52 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Bangkok and Intouch is 0.52. Overlapping area represents the amount of risk that can be diversified away by holding Bangkok Expressway and and Intouch Holdings Public in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intouch Holdings Public and Bangkok Expressway 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 Bangkok Expressway and are associated (or correlated) with Intouch Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intouch Holdings Public has no effect on the direction of Bangkok Expressway i.e., Bangkok Expressway and Intouch Holdings go up and down completely randomly.
Pair Corralation between Bangkok Expressway and Intouch Holdings
If you would invest 540.00 in Bangkok Expressway and on January 24, 2025 and sell it today you would earn a total of 45.00 from holding Bangkok Expressway and or generate 8.33% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 5.0% |
| Values | Daily Returns |
Bangkok Expressway and vs. Intouch Holdings Public
Performance |
| Timeline |
| Bangkok Expressway and |
| Intouch Holdings Public |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Bangkok Expressway and Intouch Holdings Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Bangkok Expressway and Intouch Holdings
The main advantage of trading using opposite Bangkok Expressway and Intouch Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bangkok Expressway position performs unexpectedly, Intouch Holdings 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 Intouch Holdings will offset losses from the drop in Intouch Holdings' long position.| Bangkok Expressway vs. CP ALL Public | Bangkok Expressway vs. BTS Group Holdings | Bangkok Expressway vs. Bumrungrad Hospital Public | Bangkok Expressway vs. Central Pattana Public |
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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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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