Correlation Between K Fast and KlaraBo Sverige
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By analyzing existing cross correlation between K Fast Holding AB and KlaraBo Sverige AB, you can compare the effects of market volatilities on K Fast and KlaraBo Sverige 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 K Fast with a short position of KlaraBo Sverige. Check out your portfolio center. Please also check ongoing floating volatility patterns of K Fast and KlaraBo Sverige.
Diversification Opportunities for K Fast and KlaraBo Sverige
0.29 | Correlation Coefficient |
Modest diversification
The 3 months correlation between KFAST-B and KlaraBo is 0.29. Overlapping area represents the amount of risk that can be diversified away by holding K Fast Holding AB and KlaraBo Sverige AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KlaraBo Sverige AB and K Fast 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 K Fast Holding AB are associated (or correlated) with KlaraBo Sverige. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KlaraBo Sverige AB has no effect on the direction of K Fast i.e., K Fast and KlaraBo Sverige go up and down completely randomly.
Pair Corralation between K Fast and KlaraBo Sverige
Assuming the 90 days trading horizon K Fast Holding AB is expected to generate 0.87 times more return on investment than KlaraBo Sverige. However, K Fast Holding AB is 1.15 times less risky than KlaraBo Sverige. It trades about -0.14 of its potential returns per unit of risk. KlaraBo Sverige AB is currently generating about -0.15 per unit of risk. If you would invest 2,125 in K Fast Holding AB on September 3, 2024 and sell it today you would lose (155.00) from holding K Fast Holding AB or give up 7.29% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
K Fast Holding AB vs. KlaraBo Sverige AB
Performance |
| Timeline |
| K Fast Holding |
| KlaraBo Sverige AB |
K Fast and KlaraBo Sverige Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with K Fast and KlaraBo Sverige
The main advantage of trading using opposite K Fast and KlaraBo Sverige positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if K Fast position performs unexpectedly, KlaraBo Sverige 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 KlaraBo Sverige will offset losses from the drop in KlaraBo Sverige's long position.| K Fast vs. Fastighets AB Balder | K Fast vs. Nyfosa AB | K Fast vs. Dios Fastigheter AB | K Fast vs. Corem Property Group |
| KlaraBo Sverige vs. Cibus Nordic Real | KlaraBo Sverige vs. ALM Equity AB | KlaraBo Sverige vs. Castellum AB |
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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