Correlation Between Capri Holdings and KSM Mutual
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By analyzing existing cross correlation between Capri Holdings and KSM Mutual Funds, you can compare the effects of market volatilities on Capri Holdings 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 Capri Holdings with a short position of KSM Mutual. Check out your portfolio center. Please also check ongoing floating volatility patterns of Capri Holdings and KSM Mutual.
Diversification Opportunities for Capri Holdings and KSM Mutual
-0.59 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Capri and KSM is -0.59. Overlapping area represents the amount of risk that can be diversified away by holding Capri Holdings 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 Capri Holdings 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 Capri Holdings 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 Capri Holdings i.e., Capri Holdings and KSM Mutual go up and down completely randomly.
Pair Corralation between Capri Holdings and KSM Mutual
Given the investment horizon of 90 days Capri Holdings is expected to under-perform the KSM Mutual. In addition to that, Capri Holdings is 3.43 times more volatile than KSM Mutual Funds. It trades about -0.06 of its total potential returns per unit of risk. KSM Mutual Funds is currently generating about 0.11 per unit of volatility. If you would invest 313,200 in KSM Mutual Funds on September 1, 2024 and sell it today you would earn a total of 76,500 from holding KSM Mutual Funds or generate 24.43% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 77.32% |
| Values | Daily Returns |
Capri Holdings vs. KSM Mutual Funds
Performance |
| Timeline |
| Capri Holdings |
| KSM Mutual Funds |
Capri Holdings and KSM Mutual Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Capri Holdings and KSM Mutual
The main advantage of trading using opposite Capri Holdings and KSM Mutual positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Capri Holdings 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.| Capri Holdings vs. Movado Group | Capri Holdings vs. Signet Jewelers | Capri Holdings vs. Lanvin Group Holdings | Capri Holdings vs. TheRealReal |
| KSM Mutual vs. KSM Mutual Funds | KSM Mutual vs. KSM Mutual Funds | KSM Mutual vs. KSM Mutual Funds | KSM Mutual vs. KSM Mutual Funds |
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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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