Correlation Between KB Financial and RB Global
Can any of the company-specific risk be diversified away by investing in both KB Financial and RB Global at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining KB Financial and RB Global into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between KB Financial Group and RB Global, you can compare the effects of market volatilities on KB Financial and RB Global 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 KB Financial with a short position of RB Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of KB Financial and RB Global.
Diversification Opportunities for KB Financial and RB Global
0.75 | Correlation Coefficient |
Poor diversification
The 3 months correlation between KB Financial and RBA is 0.75. Overlapping area represents the amount of risk that can be diversified away by holding KB Financial Group and RB Global in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on RB Global and KB Financial 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 KB Financial Group are associated (or correlated) with RB Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of RB Global has no effect on the direction of KB Financial i.e., KB Financial and RB Global go up and down completely randomly.
Pair Corralation between KB Financial and RB Global
Allowing for the 90-day total investment horizon KB Financial is expected to generate 1.06 times less return on investment than RB Global. In addition to that, KB Financial is 1.56 times more volatile than RB Global. It trades about 0.11 of its total potential returns per unit of risk. RB Global is currently generating about 0.19 per unit of volatility. If you would invest 9,838 in RB Global on November 4, 2025 and sell it today you would earn a total of 1,519 from holding RB Global or generate 15.44% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
KB Financial Group vs. RB Global
Performance |
| Timeline |
| KB Financial Group |
| RB Global |
KB Financial and RB Global Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KB Financial and RB Global
The main advantage of trading using opposite KB Financial and RB Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KB Financial position performs unexpectedly, RB Global 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 RB Global will offset losses from the drop in RB Global's long position.| KB Financial vs. Truist Financial Corp | KB Financial vs. Banco Bradesco SA | KB Financial vs. Shinhan Financial Group | KB Financial vs. MT Bank |
| RB Global vs. Global Payments | RB Global vs. UL Solutions | RB Global vs. FTAI Aviation | RB Global vs. Rentokil Initial PLC |
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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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