Correlation Between HNX 30 and Kim Vi
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By analyzing existing cross correlation between HNX 30 and Kim Vi Inox, you can compare the effects of market volatilities on HNX 30 and Kim Vi 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 HNX 30 with a short position of Kim Vi. Check out your portfolio center. Please also check ongoing floating volatility patterns of HNX 30 and Kim Vi.
Diversification Opportunities for HNX 30 and Kim Vi
Pay attention - limited upside
The 3 months correlation between HNX and Kim is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding HNX 30 and Kim Vi Inox in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kim Vi Inox and HNX 30 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 HNX 30 are associated (or correlated) with Kim Vi. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kim Vi Inox has no effect on the direction of HNX 30 i.e., HNX 30 and Kim Vi go up and down completely randomly.
Pair Corralation between HNX 30 and Kim Vi
If you would invest 46,410 in HNX 30 on December 1, 2024 and sell it today you would earn a total of 3,961 from holding HNX 30 or generate 8.53% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
HNX 30 vs. Kim Vi Inox
Performance |
| Timeline |
HNX 30 and Kim Vi Volatility Contrast
Predicted Return Density |
| Returns |
HNX 30
Pair trading matchups for HNX 30
Kim Vi Inox
Pair trading matchups for Kim Vi
Pair Trading with HNX 30 and Kim Vi
The main advantage of trading using opposite HNX 30 and Kim Vi positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if HNX 30 position performs unexpectedly, Kim Vi 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 Vi will offset losses from the drop in Kim Vi's long position.| HNX 30 vs. Long An Food | HNX 30 vs. FPT Digital Retail | HNX 30 vs. Sao Vang Rubber | HNX 30 vs. Industrial Urban Development |
| Kim Vi vs. Hai An Transport | Kim Vi vs. Petrolimex Information Technology | Kim Vi vs. Saigon Beer Alcohol | Kim Vi vs. Tri Viet Management |
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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