Correlation Between INET Leasehold and KTBST Mixed
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By analyzing existing cross correlation between INET Leasehold REIT and KTBST Mixed Leasehold, you can compare the effects of market volatilities on INET Leasehold and KTBST Mixed 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 INET Leasehold with a short position of KTBST Mixed. Check out your portfolio center. Please also check ongoing floating volatility patterns of INET Leasehold and KTBST Mixed.
Diversification Opportunities for INET Leasehold and KTBST Mixed
0.42 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between INET and KTBST is 0.42. Overlapping area represents the amount of risk that can be diversified away by holding INET Leasehold REIT and KTBST Mixed Leasehold in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KTBST Mixed Leasehold and INET Leasehold 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 INET Leasehold REIT are associated (or correlated) with KTBST Mixed. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KTBST Mixed Leasehold has no effect on the direction of INET Leasehold i.e., INET Leasehold and KTBST Mixed go up and down completely randomly.
Pair Corralation between INET Leasehold and KTBST Mixed
Assuming the 90 days trading horizon INET Leasehold is expected to generate 1.88 times less return on investment than KTBST Mixed. But when comparing it to its historical volatility, INET Leasehold REIT is 1.5 times less risky than KTBST Mixed. It trades about 0.04 of its potential returns per unit of risk. KTBST Mixed Leasehold is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest 643.00 in KTBST Mixed Leasehold on August 29, 2024 and sell it today you would earn a total of 7.00 from holding KTBST Mixed Leasehold or generate 1.09% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
INET Leasehold REIT vs. KTBST Mixed Leasehold
Performance |
| Timeline |
| INET Leasehold REIT |
| KTBST Mixed Leasehold |
INET Leasehold and KTBST Mixed Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with INET Leasehold and KTBST Mixed
The main advantage of trading using opposite INET Leasehold and KTBST Mixed positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if INET Leasehold position performs unexpectedly, KTBST Mixed 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 KTBST Mixed will offset losses from the drop in KTBST Mixed's long position.| INET Leasehold vs. Delta Electronics Public | INET Leasehold vs. Delta Electronics Public | INET Leasehold vs. Airports of Thailand | INET Leasehold vs. Airports of Thailand |
| KTBST Mixed vs. Ticon Freehold and | KTBST Mixed vs. CPN Retail Growth | KTBST Mixed vs. Golden Ventures Leasehold | KTBST Mixed vs. Impact Growth REIT |
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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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