Correlation Between Corem Property and KABE Group
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By analyzing existing cross correlation between Corem Property Group and KABE Group AB, you can compare the effects of market volatilities on Corem Property and KABE 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 Corem Property with a short position of KABE Group. Check out your portfolio center. Please also check ongoing floating volatility patterns of Corem Property and KABE Group.
Diversification Opportunities for Corem Property and KABE Group
-0.01 | Correlation Coefficient |
Good diversification
The 3 months correlation between Corem and KABE is -0.01. Overlapping area represents the amount of risk that can be diversified away by holding Corem Property Group and KABE Group AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KABE Group AB and Corem Property 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 Corem Property Group are associated (or correlated) with KABE Group. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KABE Group AB has no effect on the direction of Corem Property i.e., Corem Property and KABE Group go up and down completely randomly.
Pair Corralation between Corem Property and KABE Group
Assuming the 90 days trading horizon Corem Property Group is expected to generate 0.71 times more return on investment than KABE Group. However, Corem Property Group is 1.41 times less risky than KABE Group. It trades about 0.01 of its potential returns per unit of risk. KABE Group AB is currently generating about -0.21 per unit of risk. If you would invest 26,500 in Corem Property Group on September 14, 2024 and sell it today you would earn a total of 0.00 from holding Corem Property Group or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Corem Property Group vs. KABE Group AB
Performance |
| Timeline |
| Corem Property Group |
| KABE Group AB |
Corem Property and KABE Group Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Corem Property and KABE Group
The main advantage of trading using opposite Corem Property and KABE Group positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Corem Property position performs unexpectedly, KABE 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 KABE Group will offset losses from the drop in KABE Group's long position.| Corem Property vs. ALM Equity AB | Corem Property vs. Fastighets AB Balder | Corem Property vs. KABE Group AB | Corem Property vs. IAR Systems Group |
| KABE Group vs. Byggmax Group AB | KABE Group vs. Svedbergs i Dalstorp | KABE Group vs. Inwido AB | KABE Group vs. New Wave 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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