Correlation Between KKR Co and Huntwicke Capital
Can any of the company-specific risk be diversified away by investing in both KKR Co and Huntwicke Capital 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 Co and Huntwicke Capital into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between KKR Co LP and Huntwicke Capital Group, you can compare the effects of market volatilities on KKR Co and Huntwicke Capital 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 Co with a short position of Huntwicke Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of KKR Co and Huntwicke Capital.
Diversification Opportunities for KKR Co and Huntwicke Capital
-0.31 | Correlation Coefficient |
Very good diversification
The 3 months correlation between KKR and Huntwicke is -0.31. Overlapping area represents the amount of risk that can be diversified away by holding KKR Co LP and Huntwicke Capital Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Huntwicke Capital and KKR Co 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 Co LP are associated (or correlated) with Huntwicke Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Huntwicke Capital has no effect on the direction of KKR Co i.e., KKR Co and Huntwicke Capital go up and down completely randomly.
Pair Corralation between KKR Co and Huntwicke Capital
If you would invest 14,057 in KKR Co LP on August 27, 2024 and sell it today you would earn a total of 1,837 from holding KKR Co LP or generate 13.07% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 4.76% |
| Values | Daily Returns |
KKR Co LP vs. Huntwicke Capital Group
Performance |
| Timeline |
| KKR Co LP |
| Huntwicke Capital |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
KKR Co and Huntwicke Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KKR Co and Huntwicke Capital
The main advantage of trading using opposite KKR Co and Huntwicke Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KKR Co position performs unexpectedly, Huntwicke Capital 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 Huntwicke Capital will offset losses from the drop in Huntwicke Capital's long position.| KKR Co vs. Carlyle Group | KKR Co vs. Ares Management LP | KKR Co vs. Blackstone Group | KKR Co vs. Blue Owl Capital |
| Huntwicke Capital vs. BlackRock | Huntwicke Capital vs. KKR Co LP | Huntwicke Capital vs. Apollo Global Management | Huntwicke Capital vs. Brookfield Asset Management |
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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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