Correlation Between KIM GROWTH and KIM GROWTH
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By analyzing existing cross correlation between KIM GROWTH VN and KIM GROWTH VN30, you can compare the effects of market volatilities on KIM GROWTH and KIM GROWTH 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 KIM GROWTH with a short position of KIM GROWTH. Check out your portfolio center. Please also check ongoing floating volatility patterns of KIM GROWTH and KIM GROWTH.
Diversification Opportunities for KIM GROWTH and KIM GROWTH
0.55 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between KIM and KIM is 0.55. Overlapping area represents the amount of risk that can be diversified away by holding KIM GROWTH VN and KIM GROWTH VN30 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KIM GROWTH VN30 and KIM GROWTH 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 KIM GROWTH VN are associated (or correlated) with KIM GROWTH. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KIM GROWTH VN30 has no effect on the direction of KIM GROWTH i.e., KIM GROWTH and KIM GROWTH go up and down completely randomly.
Pair Corralation between KIM GROWTH and KIM GROWTH
Assuming the 90 days trading horizon KIM GROWTH VN is expected to generate 0.88 times more return on investment than KIM GROWTH. However, KIM GROWTH VN is 1.13 times less risky than KIM GROWTH. It trades about 0.06 of its potential returns per unit of risk. KIM GROWTH VN30 is currently generating about 0.04 per unit of risk. If you would invest 1,122,000 in KIM GROWTH VN on September 3, 2024 and sell it today you would earn a total of 79,000 from holding KIM GROWTH VN or generate 7.04% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 22.8% |
| Values | Daily Returns |
KIM GROWTH VN vs. KIM GROWTH VN30
Performance |
| Timeline |
| KIM GROWTH VN |
| KIM GROWTH VN30 |
KIM GROWTH and KIM GROWTH Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KIM GROWTH and KIM GROWTH
The main advantage of trading using opposite KIM GROWTH and KIM GROWTH positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KIM GROWTH position performs unexpectedly, KIM GROWTH 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 KIM GROWTH will offset losses from the drop in KIM GROWTH's long position.| KIM GROWTH vs. Idico JSC | KIM GROWTH vs. Song Hong Garment | KIM GROWTH vs. Alphanam ME | KIM GROWTH vs. Hochiminh City Metal |
| KIM GROWTH vs. Idico JSC | KIM GROWTH vs. Song Hong Garment | KIM GROWTH vs. Alphanam ME | KIM GROWTH vs. Hochiminh City Metal |
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 Directory module to find actively traded commodities issued by global exchanges.
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