Correlation Between CSG Systems and Kaspi Bank
Can any of the company-specific risk be diversified away by investing in both CSG Systems and Kaspi Bank at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining CSG Systems and Kaspi Bank into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between CSG Systems International and Kaspi Bank Joint, you can compare the effects of market volatilities on CSG Systems and Kaspi Bank 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 CSG Systems with a short position of Kaspi Bank. Check out your portfolio center. Please also check ongoing floating volatility patterns of CSG Systems and Kaspi Bank.
Diversification Opportunities for CSG Systems and Kaspi Bank
0.43 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between CSG and Kaspi is 0.43. Overlapping area represents the amount of risk that can be diversified away by holding CSG Systems International and Kaspi Bank Joint in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kaspi Bank Joint and CSG Systems 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 CSG Systems International are associated (or correlated) with Kaspi Bank. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kaspi Bank Joint has no effect on the direction of CSG Systems i.e., CSG Systems and Kaspi Bank go up and down completely randomly.
Pair Corralation between CSG Systems and Kaspi Bank
If you would invest 4,661 in CSG Systems International on September 1, 2024 and sell it today you would earn a total of 820.00 from holding CSG Systems International or generate 17.59% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 4.76% |
| Values | Daily Returns |
CSG Systems International vs. Kaspi Bank Joint
Performance |
| Timeline |
| CSG Systems International |
| Kaspi Bank Joint |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
CSG Systems and Kaspi Bank Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CSG Systems and Kaspi Bank
The main advantage of trading using opposite CSG Systems and Kaspi Bank positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CSG Systems position performs unexpectedly, Kaspi Bank 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 Kaspi Bank will offset losses from the drop in Kaspi Bank's long position.| CSG Systems vs. NetScout Systems | CSG Systems vs. Consensus Cloud Solutions | CSG Systems vs. Secureworks Corp | CSG Systems vs. Evertec |
| Kaspi Bank vs. Verint Systems | Kaspi Bank vs. Cellebrite DI | Kaspi Bank vs. Evertec | Kaspi Bank vs. CSG Systems International |
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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