Correlation Between Glassbox and KSM Mutual
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By analyzing existing cross correlation between Glassbox and KSM Mutual Funds, you can compare the effects of market volatilities on Glassbox 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 Glassbox with a short position of KSM Mutual. Check out your portfolio center. Please also check ongoing floating volatility patterns of Glassbox and KSM Mutual.
Diversification Opportunities for Glassbox and KSM Mutual
-0.11 | Correlation Coefficient |
Good diversification
The 3 months correlation between Glassbox and KSM is -0.11. Overlapping area represents the amount of risk that can be diversified away by holding Glassbox 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 Glassbox 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 Glassbox 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 Glassbox i.e., Glassbox and KSM Mutual go up and down completely randomly.
Pair Corralation between Glassbox and KSM Mutual
Assuming the 90 days trading horizon Glassbox is expected to generate 15.14 times more return on investment than KSM Mutual. However, Glassbox is 15.14 times more volatile than KSM Mutual Funds. It trades about 0.11 of its potential returns per unit of risk. KSM Mutual Funds is currently generating about 0.15 per unit of risk. If you would invest 238,200 in Glassbox on August 29, 2024 and sell it today you would earn a total of 167,700 from holding Glassbox or generate 70.4% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 93.19% |
| Values | Daily Returns |
Glassbox vs. KSM Mutual Funds
Performance |
| Timeline |
| Glassbox |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Modest
| KSM Mutual Funds |
Glassbox and KSM Mutual Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Glassbox and KSM Mutual
The main advantage of trading using opposite Glassbox and KSM Mutual positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Glassbox 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.| Glassbox vs. MediPress Health Limited Partnership | Glassbox vs. Hiron Trade Investments Industrial | Glassbox vs. Clal Insurance Enterprises | Glassbox vs. Veridis Environment |
| 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 Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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