Correlation Between Kaltura and AMERICAN
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By analyzing existing cross correlation between Kaltura and AMERICAN EXPRESS CR, you can compare the effects of market volatilities on Kaltura and AMERICAN 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 Kaltura with a short position of AMERICAN. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kaltura and AMERICAN.
Diversification Opportunities for Kaltura and AMERICAN
Excellent diversification
The 3 months correlation between Kaltura and AMERICAN is -0.7. Overlapping area represents the amount of risk that can be diversified away by holding Kaltura and AMERICAN EXPRESS CR in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AMERICAN EXPRESS and Kaltura 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 Kaltura are associated (or correlated) with AMERICAN. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AMERICAN EXPRESS has no effect on the direction of Kaltura i.e., Kaltura and AMERICAN go up and down completely randomly.
Pair Corralation between Kaltura and AMERICAN
Given the investment horizon of 90 days Kaltura is expected to generate 5.64 times more return on investment than AMERICAN. However, Kaltura is 5.64 times more volatile than AMERICAN EXPRESS CR. It trades about 0.04 of its potential returns per unit of risk. AMERICAN EXPRESS CR is currently generating about 0.01 per unit of risk. If you would invest 170.00 in Kaltura on September 13, 2024 and sell it today you would earn a total of 64.00 from holding Kaltura or generate 37.65% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 95.56% |
| Values | Daily Returns |
Kaltura vs. AMERICAN EXPRESS CR
Performance |
| Timeline |
| Kaltura |
| AMERICAN EXPRESS |
Kaltura and AMERICAN Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Kaltura and AMERICAN
The main advantage of trading using opposite Kaltura and AMERICAN positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kaltura position performs unexpectedly, AMERICAN 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 AMERICAN will offset losses from the drop in AMERICAN's long position.| Kaltura vs. Evertec | Kaltura vs. Consensus Cloud Solutions | Kaltura vs. Global Blue Group | Kaltura vs. Lesaka Technologies |
| AMERICAN vs. Hurco Companies | AMERICAN vs. RBC Bearings Incorporated | AMERICAN vs. Xponential Fitness | AMERICAN vs. RCS MediaGroup SpA |
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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