Correlation Between K Fast and Logistea A
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By analyzing existing cross correlation between K Fast Holding AB and Logistea A, you can compare the effects of market volatilities on K Fast and Logistea A 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 Logistea A. Check out your portfolio center. Please also check ongoing floating volatility patterns of K Fast and Logistea A.
Diversification Opportunities for K Fast and Logistea A
0.9 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between KFAST-B and Logistea is 0.9. Overlapping area represents the amount of risk that can be diversified away by holding K Fast Holding AB and Logistea A in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Logistea A 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 Logistea A. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Logistea A has no effect on the direction of K Fast i.e., K Fast and Logistea A go up and down completely randomly.
Pair Corralation between K Fast and Logistea A
Assuming the 90 days trading horizon K Fast Holding AB is expected to under-perform the Logistea A. In addition to that, K Fast is 1.36 times more volatile than Logistea A. It trades about -0.14 of its total potential returns per unit of risk. Logistea A is currently generating about -0.05 per unit of volatility. If you would invest 1,545 in Logistea A on September 3, 2024 and sell it today you would lose (30.00) from holding Logistea A or give up 1.94% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
K Fast Holding AB vs. Logistea A
Performance |
| Timeline |
| K Fast Holding |
| Logistea A |
K Fast and Logistea A Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with K Fast and Logistea A
The main advantage of trading using opposite K Fast and Logistea A positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if K Fast position performs unexpectedly, Logistea A 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 Logistea A will offset losses from the drop in Logistea A'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 |
| Logistea A vs. New Wave Group | Logistea A vs. Clas Ohlson AB | Logistea A vs. BE Group AB | Logistea A vs. Betsson 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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