Correlation Between CPN Retail and KTBST Mixed
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By analyzing existing cross correlation between CPN Retail Growth and KTBST Mixed Leasehold, you can compare the effects of market volatilities on CPN Retail and KTBST Mixed 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 CPN Retail with a short position of KTBST Mixed. Check out your portfolio center. Please also check ongoing floating volatility patterns of CPN Retail and KTBST Mixed.
Diversification Opportunities for CPN Retail and KTBST Mixed
0.19 | Correlation Coefficient |
Average diversification
The 3 months correlation between CPN and KTBST is 0.19. Overlapping area represents the amount of risk that can be diversified away by holding CPN Retail Growth and KTBST Mixed Leasehold in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KTBST Mixed Leasehold and CPN Retail 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 CPN Retail Growth are associated (or correlated) with KTBST Mixed. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KTBST Mixed Leasehold has no effect on the direction of CPN Retail i.e., CPN Retail and KTBST Mixed go up and down completely randomly.
Pair Corralation between CPN Retail and KTBST Mixed
Assuming the 90 days trading horizon CPN Retail Growth is expected to generate 1.77 times more return on investment than KTBST Mixed. However, CPN Retail is 1.77 times more volatile than KTBST Mixed Leasehold. It trades about 0.08 of its potential returns per unit of risk. KTBST Mixed Leasehold is currently generating about 0.0 per unit of risk. If you would invest 1,119 in CPN Retail Growth on August 29, 2024 and sell it today you would earn a total of 101.00 from holding CPN Retail Growth or generate 9.03% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
CPN Retail Growth vs. KTBST Mixed Leasehold
Performance |
| Timeline |
| CPN Retail Growth |
| KTBST Mixed Leasehold |
CPN Retail and KTBST Mixed Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CPN Retail and KTBST Mixed
The main advantage of trading using opposite CPN Retail and KTBST Mixed positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CPN Retail position performs unexpectedly, KTBST Mixed 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 KTBST Mixed will offset losses from the drop in KTBST Mixed's long position.| CPN Retail vs. Central Pattana Public | CPN Retail vs. Digital Telecommunications Infrastructure | CPN Retail vs. Impact Growth REIT | CPN Retail vs. WHA Premium Growth |
| KTBST Mixed vs. Ticon Freehold and | KTBST Mixed vs. CPN Retail Growth | KTBST Mixed vs. Golden Ventures Leasehold | KTBST Mixed vs. Impact Growth REIT |
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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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