Correlation Between KB Financial and Rivalry Corp
Can any of the company-specific risk be diversified away by investing in both KB Financial and Rivalry Corp 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 Rivalry Corp 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 Rivalry Corp, you can compare the effects of market volatilities on KB Financial and Rivalry Corp 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 Rivalry Corp. Check out your portfolio center. Please also check ongoing floating volatility patterns of KB Financial and Rivalry Corp.
Diversification Opportunities for KB Financial and Rivalry Corp
-0.63 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between KB Financial and Rivalry is -0.63. Overlapping area represents the amount of risk that can be diversified away by holding KB Financial Group and Rivalry Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Rivalry Corp 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 Rivalry Corp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Rivalry Corp has no effect on the direction of KB Financial i.e., KB Financial and Rivalry Corp go up and down completely randomly.
Pair Corralation between KB Financial and Rivalry Corp
Allowing for the 90-day total investment horizon KB Financial is expected to generate 2.81 times less return on investment than Rivalry Corp. But when comparing it to its historical volatility, KB Financial Group is 13.16 times less risky than Rivalry Corp. It trades about 0.18 of its potential returns per unit of risk. Rivalry Corp is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest 5.22 in Rivalry Corp on December 1, 2025 and sell it today you would lose (4.51) from holding Rivalry Corp or give up 86.4% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
KB Financial Group vs. Rivalry Corp
Performance |
| Timeline |
| KB Financial Group |
| Rivalry Corp |
KB Financial and Rivalry Corp Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KB Financial and Rivalry Corp
The main advantage of trading using opposite KB Financial and Rivalry Corp positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KB Financial position performs unexpectedly, Rivalry Corp 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 Rivalry Corp will offset losses from the drop in Rivalry Corp's long position.| KB Financial vs. Citigroup | KB Financial vs. Canadian Imperial Bank | KB Financial vs. Nu Holdings | KB Financial vs. Royal Bank of |
| Rivalry Corp vs. Triumph Apparel | Rivalry Corp vs. Esports Entertainment Group | Rivalry Corp vs. Axia International Group | Rivalry Corp vs. Expo Holdings |
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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Other Complementary Tools
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Stocks Directory Find actively traded stocks across global markets |