Correlation Between Castellum and K Fast
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By analyzing existing cross correlation between Castellum AB and K Fast Holding AB, you can compare the effects of market volatilities on Castellum and K Fast 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 Castellum with a short position of K Fast. Check out your portfolio center. Please also check ongoing floating volatility patterns of Castellum and K Fast.
Diversification Opportunities for Castellum and K Fast
Almost no diversification
The 3 months correlation between Castellum and KFAST-B is 0.94. Overlapping area represents the amount of risk that can be diversified away by holding Castellum AB and K Fast Holding AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on K Fast Holding and Castellum 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 Castellum AB are associated (or correlated) with K Fast. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of K Fast Holding has no effect on the direction of Castellum i.e., Castellum and K Fast go up and down completely randomly.
Pair Corralation between Castellum and K Fast
Assuming the 90 days trading horizon Castellum AB is expected to generate 0.81 times more return on investment than K Fast. However, Castellum AB is 1.24 times less risky than K Fast. It trades about 0.02 of its potential returns per unit of risk. K Fast Holding AB is currently generating about -0.01 per unit of risk. If you would invest 11,761 in Castellum AB on September 3, 2024 and sell it today you would earn a total of 1,139 from holding Castellum AB or generate 9.68% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Castellum AB vs. K Fast Holding AB
Performance |
| Timeline |
| Castellum AB |
| K Fast Holding |
Castellum and K Fast Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Castellum and K Fast
The main advantage of trading using opposite Castellum and K Fast positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Castellum position performs unexpectedly, K Fast 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 K Fast will offset losses from the drop in K Fast's long position.| Castellum vs. Fabege AB | Castellum vs. Samhllsbyggnadsbolaget i Norden | Castellum vs. Fastighets AB Balder | Castellum vs. Axfood AB |
| K Fast vs. Fastighets AB Balder | K Fast vs. Nyfosa AB | K Fast vs. Dios Fastigheter AB | K Fast vs. Corem Property Group |
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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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