Correlation Between Kaltura and TELUS
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By analyzing existing cross correlation between Kaltura and TELUS P 37, you can compare the effects of market volatilities on Kaltura and TELUS 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 TELUS. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kaltura and TELUS.
Diversification Opportunities for Kaltura and TELUS
Good diversification
The 3 months correlation between Kaltura and TELUS is -0.05. Overlapping area represents the amount of risk that can be diversified away by holding Kaltura and TELUS P 37 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on TELUS P 37 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 TELUS. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of TELUS P 37 has no effect on the direction of Kaltura i.e., Kaltura and TELUS go up and down completely randomly.
Pair Corralation between Kaltura and TELUS
Given the investment horizon of 90 days Kaltura is expected to generate 4.65 times more return on investment than TELUS. However, Kaltura is 4.65 times more volatile than TELUS P 37. It trades about 0.47 of its potential returns per unit of risk. TELUS P 37 is currently generating about -0.08 per unit of risk. If you would invest 132.00 in Kaltura on September 2, 2024 and sell it today you would earn a total of 90.00 from holding Kaltura or generate 68.18% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 66.67% |
| Values | Daily Returns |
Kaltura vs. TELUS P 37
Performance |
| Timeline |
| Kaltura |
| TELUS P 37 |
Kaltura and TELUS Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Kaltura and TELUS
The main advantage of trading using opposite Kaltura and TELUS positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kaltura position performs unexpectedly, TELUS 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 TELUS will offset losses from the drop in TELUS's long position.| Kaltura vs. Evertec | Kaltura vs. Consensus Cloud Solutions | Kaltura vs. Global Blue Group | Kaltura vs. Lesaka Technologies |
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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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