Correlation Between FS KKR and 25746UCZ0
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By analyzing existing cross correlation between FS KKR Capital and US25746UCZ03, you can compare the effects of market volatilities on FS KKR and 25746UCZ0 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 FS KKR with a short position of 25746UCZ0. Check out your portfolio center. Please also check ongoing floating volatility patterns of FS KKR and 25746UCZ0.
Diversification Opportunities for FS KKR and 25746UCZ0
Pay attention - limited upside
The 3 months correlation between FSK and 25746UCZ0 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding FS KKR Capital and US25746UCZ03 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on US25746UCZ03 and FS KKR 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 FS KKR Capital are associated (or correlated) with 25746UCZ0. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of US25746UCZ03 has no effect on the direction of FS KKR i.e., FS KKR and 25746UCZ0 go up and down completely randomly.
Pair Corralation between FS KKR and 25746UCZ0
If you would invest 1,940 in FS KKR Capital on November 2, 2024 and sell it today you would earn a total of 371.00 from holding FS KKR Capital or generate 19.12% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 1.67% |
| Values | Daily Returns |
FS KKR Capital vs. US25746UCZ03
Performance |
| Timeline |
| FS KKR Capital |
| US25746UCZ03 |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
FS KKR and 25746UCZ0 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FS KKR and 25746UCZ0
The main advantage of trading using opposite FS KKR and 25746UCZ0 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FS KKR position performs unexpectedly, 25746UCZ0 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 25746UCZ0 will offset losses from the drop in 25746UCZ0's long position.| FS KKR vs. BlackRock TCP Capital | FS KKR vs. Triplepoint Venture Growth | FS KKR vs. Sixth Street Specialty | FS KKR vs. Golub Capital BDC |
| 25746UCZ0 vs. Uranium Energy Corp | 25746UCZ0 vs. IPG Photonics | 25746UCZ0 vs. Amkor Technology | 25746UCZ0 vs. Minerals 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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