Correlation Between Far East and Kaltura
Can any of the company-specific risk be diversified away by investing in both Far East and Kaltura 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 Far East and Kaltura into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Far East Wind and Kaltura, you can compare the effects of market volatilities on Far East and Kaltura 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 Far East with a short position of Kaltura. Check out your portfolio center. Please also check ongoing floating volatility patterns of Far East and Kaltura.
Diversification Opportunities for Far East and Kaltura
Pay attention - limited upside
The 3 months correlation between Far and Kaltura is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Far East Wind and Kaltura in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kaltura and Far East 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 Far East Wind are associated (or correlated) with Kaltura. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kaltura has no effect on the direction of Far East i.e., Far East and Kaltura go up and down completely randomly.
Pair Corralation between Far East and Kaltura
If you would invest 162.00 in Kaltura on September 12, 2024 and sell it today you would earn a total of 73.00 from holding Kaltura or generate 45.06% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Far East Wind vs. Kaltura
Performance |
| Timeline |
| Far East Wind |
| Kaltura |
Far East and Kaltura Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Far East and Kaltura
The main advantage of trading using opposite Far East and Kaltura positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Far East position performs unexpectedly, Kaltura 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 Kaltura will offset losses from the drop in Kaltura's long position.| Far East vs. Hudson Pacific Properties | Far East vs. Grocery Outlet Holding | Far East vs. Getty Realty | Far East vs. LB Foster |
| Kaltura vs. Evertec | Kaltura vs. Consensus Cloud Solutions | Kaltura vs. Global Blue Group | Kaltura vs. Lesaka Technologies |
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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Other Complementary Tools
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |