Correlation Between Kasikornbank Public and Kasikornbank Public
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By analyzing existing cross correlation between Kasikornbank Public and Kasikornbank Public, you can compare the effects of market volatilities on Kasikornbank Public and Kasikornbank Public 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 Kasikornbank Public with a short position of Kasikornbank Public. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kasikornbank Public and Kasikornbank Public.
Diversification Opportunities for Kasikornbank Public and Kasikornbank Public
0.99 | Correlation Coefficient |
No risk reduction
The 3 months correlation between Kasikornbank and Kasikornbank is 0.99. Overlapping area represents the amount of risk that can be diversified away by holding Kasikornbank Public and Kasikornbank Public in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kasikornbank Public and Kasikornbank Public 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 Kasikornbank Public are associated (or correlated) with Kasikornbank Public. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kasikornbank Public has no effect on the direction of Kasikornbank Public i.e., Kasikornbank Public and Kasikornbank Public go up and down completely randomly.
Pair Corralation between Kasikornbank Public and Kasikornbank Public
Assuming the 90 days trading horizon If you would invest 14,900 in Kasikornbank Public on August 27, 2024 and sell it today you would earn a total of 100.00 from holding Kasikornbank Public or generate 0.67% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Kasikornbank Public vs. Kasikornbank Public
Performance |
| Timeline |
| Kasikornbank Public |
| Kasikornbank Public |
Kasikornbank Public and Kasikornbank Public Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Kasikornbank Public and Kasikornbank Public
The main advantage of trading using opposite Kasikornbank Public and Kasikornbank Public positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kasikornbank Public position performs unexpectedly, Kasikornbank Public 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 Kasikornbank Public will offset losses from the drop in Kasikornbank Public's long position.| Kasikornbank Public vs. PTT Public | Kasikornbank Public vs. CP ALL Public | Kasikornbank Public vs. SCB X Public | Kasikornbank Public vs. Airports of Thailand |
| Kasikornbank Public vs. SCB X Public | Kasikornbank Public vs. Bangkok Bank Public | Kasikornbank Public vs. PTT Public | Kasikornbank Public vs. CP ALL Public |
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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