Correlation Between Bezeq Israeli and KSM Mutual
Specify exactly 2 symbols:
By analyzing existing cross correlation between Bezeq Israeli Telecommunication and KSM Mutual Funds, you can compare the effects of market volatilities on Bezeq Israeli and KSM Mutual 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 Bezeq Israeli with a short position of KSM Mutual. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bezeq Israeli and KSM Mutual.
Diversification Opportunities for Bezeq Israeli and KSM Mutual
-0.89 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Bezeq and KSM is -0.89. Overlapping area represents the amount of risk that can be diversified away by holding Bezeq Israeli Telecommunicatio and KSM Mutual Funds in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KSM Mutual Funds and Bezeq Israeli 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 Bezeq Israeli Telecommunication are associated (or correlated) with KSM Mutual. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KSM Mutual Funds has no effect on the direction of Bezeq Israeli i.e., Bezeq Israeli and KSM Mutual go up and down completely randomly.
Pair Corralation between Bezeq Israeli and KSM Mutual
Assuming the 90 days trading horizon Bezeq Israeli Telecommunication is expected to generate 2.43 times more return on investment than KSM Mutual. However, Bezeq Israeli is 2.43 times more volatile than KSM Mutual Funds. It trades about 0.06 of its potential returns per unit of risk. KSM Mutual Funds is currently generating about -0.19 per unit of risk. If you would invest 51,770 in Bezeq Israeli Telecommunication on September 20, 2024 and sell it today you would earn a total of 720.00 from holding Bezeq Israeli Telecommunication or generate 1.39% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Bezeq Israeli Telecommunicatio vs. KSM Mutual Funds
Performance |
| Timeline |
| Bezeq Israeli Teleco |
| KSM Mutual Funds |
Bezeq Israeli and KSM Mutual Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Bezeq Israeli and KSM Mutual
The main advantage of trading using opposite Bezeq Israeli and KSM Mutual positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bezeq Israeli position performs unexpectedly, KSM Mutual 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 KSM Mutual will offset losses from the drop in KSM Mutual's long position.| Bezeq Israeli vs. Tower Semiconductor | Bezeq Israeli vs. Israel Discount Bank | Bezeq Israeli vs. B Communications | Bezeq Israeli vs. Photomyne |
| KSM Mutual vs. Mivne Real Estate | KSM Mutual vs. Photomyne | KSM Mutual vs. Israel Land Development | KSM Mutual vs. Bezeq Israeli Telecommunication |
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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Other Complementary Tools
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |