Correlation Between INET Leasehold and Saksiam Leasing
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By analyzing existing cross correlation between INET Leasehold REIT and Saksiam Leasing Public, you can compare the effects of market volatilities on INET Leasehold and Saksiam Leasing 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 Saksiam Leasing. Check out your portfolio center. Please also check ongoing floating volatility patterns of INET Leasehold and Saksiam Leasing.
Diversification Opportunities for INET Leasehold and Saksiam Leasing
0.21 | Correlation Coefficient |
Modest diversification
The 3 months correlation between INET and Saksiam is 0.21. Overlapping area represents the amount of risk that can be diversified away by holding INET Leasehold REIT and Saksiam Leasing Public in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Saksiam Leasing Public 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 Saksiam Leasing. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Saksiam Leasing Public has no effect on the direction of INET Leasehold i.e., INET Leasehold and Saksiam Leasing go up and down completely randomly.
Pair Corralation between INET Leasehold and Saksiam Leasing
Assuming the 90 days trading horizon INET Leasehold REIT is expected to generate 0.25 times more return on investment than Saksiam Leasing. However, INET Leasehold REIT is 4.07 times less risky than Saksiam Leasing. It trades about 0.04 of its potential returns per unit of risk. Saksiam Leasing Public is currently generating about -0.04 per unit of risk. If you would invest 850.00 in INET Leasehold REIT on August 29, 2024 and sell it today you would earn a total of 5.00 from holding INET Leasehold REIT or generate 0.59% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
INET Leasehold REIT vs. Saksiam Leasing Public
Performance |
| Timeline |
| INET Leasehold REIT |
| Saksiam Leasing Public |
INET Leasehold and Saksiam Leasing Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with INET Leasehold and Saksiam Leasing
The main advantage of trading using opposite INET Leasehold and Saksiam Leasing positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if INET Leasehold position performs unexpectedly, Saksiam Leasing 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 Saksiam Leasing will offset losses from the drop in Saksiam Leasing'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 |
| Saksiam Leasing vs. Srisawad Power 1979 | Saksiam Leasing vs. Muangthai Capital Public | Saksiam Leasing vs. Micro Leasing Public | Saksiam Leasing vs. Krungthai Card PCL |
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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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