Correlation Between Kkr Credit and GO2 People
Can any of the company-specific risk be diversified away by investing in both Kkr Credit and GO2 People 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 Kkr Credit and GO2 People into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Kkr Credit Income and GO2 People, you can compare the effects of market volatilities on Kkr Credit and GO2 People 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 Kkr Credit with a short position of GO2 People. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kkr Credit and GO2 People.
Diversification Opportunities for Kkr Credit and GO2 People
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Kkr and GO2 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Kkr Credit Income and GO2 People in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GO2 People and Kkr Credit 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 Kkr Credit Income are associated (or correlated) with GO2 People. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GO2 People has no effect on the direction of Kkr Credit i.e., Kkr Credit and GO2 People go up and down completely randomly.
Pair Corralation between Kkr Credit and GO2 People
If you would invest 216.00 in Kkr Credit Income on September 3, 2024 and sell it today you would earn a total of 15.00 from holding Kkr Credit Income or generate 6.94% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Kkr Credit Income vs. GO2 People
Performance |
| Timeline |
| Kkr Credit Income |
| GO2 People |
Kkr Credit and GO2 People Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Kkr Credit and GO2 People
The main advantage of trading using opposite Kkr Credit and GO2 People positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kkr Credit position performs unexpectedly, GO2 People 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 GO2 People will offset losses from the drop in GO2 People's long position.| Kkr Credit vs. ABACUS STORAGE KING | Kkr Credit vs. Champion Iron | Kkr Credit vs. iShares Global Healthcare | Kkr Credit vs. Peel Mining |
| GO2 People vs. MetalsGrove Mining | GO2 People vs. Ora Banda Mining | GO2 People vs. Macquarie Technology Group | GO2 People vs. Galena Mining |
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
Other Complementary Tools
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |