Correlation Between IDX 30 and Inti Kapuas
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By analyzing existing cross correlation between IDX 30 Jakarta and Inti Kapuas Arowana, you can compare the effects of market volatilities on IDX 30 and Inti Kapuas 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 IDX 30 with a short position of Inti Kapuas. Check out your portfolio center. Please also check ongoing floating volatility patterns of IDX 30 and Inti Kapuas.
Diversification Opportunities for IDX 30 and Inti Kapuas
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between IDX and Inti is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding IDX 30 Jakarta and Inti Kapuas Arowana in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Inti Kapuas Arowana and IDX 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 IDX 30 Jakarta are associated (or correlated) with Inti Kapuas. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Inti Kapuas Arowana has no effect on the direction of IDX 30 i.e., IDX 30 and Inti Kapuas go up and down completely randomly.
Pair Corralation between IDX 30 and Inti Kapuas
If you would invest 5,000 in Inti Kapuas Arowana on September 12, 2024 and sell it today you would earn a total of 0.00 from holding Inti Kapuas Arowana or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 98.39% |
| Values | Daily Returns |
IDX 30 Jakarta vs. Inti Kapuas Arowana
Performance |
| Timeline |
IDX 30 and Inti Kapuas Volatility Contrast
Predicted Return Density |
| Returns |
IDX 30 Jakarta
Pair trading matchups for IDX 30
Inti Kapuas Arowana
Pair trading matchups for Inti Kapuas
Pair Trading with IDX 30 and Inti Kapuas
The main advantage of trading using opposite IDX 30 and Inti Kapuas positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if IDX 30 position performs unexpectedly, Inti Kapuas 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 Inti Kapuas will offset losses from the drop in Inti Kapuas' long position.| IDX 30 vs. Hoffmen Cleanindo | IDX 30 vs. Panin Financial Tbk | IDX 30 vs. Lotte Chemical Titan | IDX 30 vs. PT Data Sinergitama |
| Inti Kapuas vs. Arkadia Digital Media | Inti Kapuas vs. Trinitan Metals and | Inti Kapuas vs. Garuda Metalindo Tbk | Inti Kapuas vs. City Retail Developments |
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 Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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