Correlation Between Kaltura and GENERAL
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By analyzing existing cross correlation between Kaltura and GENERAL ELEC CAP, you can compare the effects of market volatilities on Kaltura and GENERAL 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 GENERAL. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kaltura and GENERAL.
Diversification Opportunities for Kaltura and GENERAL
Very good diversification
The 3 months correlation between Kaltura and GENERAL is -0.22. Overlapping area represents the amount of risk that can be diversified away by holding Kaltura and GENERAL ELEC CAP in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GENERAL ELEC CAP 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 GENERAL. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GENERAL ELEC CAP has no effect on the direction of Kaltura i.e., Kaltura and GENERAL go up and down completely randomly.
Pair Corralation between Kaltura and GENERAL
Given the investment horizon of 90 days Kaltura is expected to generate 2.35 times more return on investment than GENERAL. However, Kaltura is 2.35 times more volatile than GENERAL ELEC CAP. It trades about 0.04 of its potential returns per unit of risk. GENERAL ELEC CAP 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 | Insignificant |
| Accuracy | 50.3% |
| Values | Daily Returns |
Kaltura vs. GENERAL ELEC CAP
Performance |
| Timeline |
| Kaltura |
| GENERAL ELEC CAP |
Kaltura and GENERAL Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Kaltura and GENERAL
The main advantage of trading using opposite Kaltura and GENERAL positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kaltura position performs unexpectedly, GENERAL 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 GENERAL will offset losses from the drop in GENERAL's long position.| Kaltura vs. Evertec | Kaltura vs. Consensus Cloud Solutions | Kaltura vs. Global Blue Group | Kaltura vs. Lesaka Technologies |
| GENERAL vs. American Airlines Group | GENERAL vs. Paiute Oil Mining | GENERAL vs. Digi International | GENERAL vs. Uranium Energy Corp |
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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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