Correlation Between Kosdaq Composite and A Tech
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By analyzing existing cross correlation between Kosdaq Composite Index and A Tech Solution Co, you can compare the effects of market volatilities on Kosdaq Composite and A Tech 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 Kosdaq Composite with a short position of A Tech. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kosdaq Composite and A Tech.
Diversification Opportunities for Kosdaq Composite and A Tech
0.48 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Kosdaq and 071670 is 0.48. Overlapping area represents the amount of risk that can be diversified away by holding Kosdaq Composite Index and A Tech Solution Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on A Tech Solution and Kosdaq Composite 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 Kosdaq Composite Index are associated (or correlated) with A Tech. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of A Tech Solution has no effect on the direction of Kosdaq Composite i.e., Kosdaq Composite and A Tech go up and down completely randomly.
Pair Corralation between Kosdaq Composite and A Tech
If you would invest (100.00) in Kosdaq Composite Index on August 28, 2024 and sell it today you would earn a total of 100.00 from holding Kosdaq Composite Index or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 0.0% |
| Values | Daily Returns |
Kosdaq Composite Index vs. A Tech Solution Co
Performance |
| Timeline |
Kosdaq Composite and A Tech Volatility Contrast
Predicted Return Density |
| Returns |
Kosdaq Composite Index
Pair trading matchups for Kosdaq Composite
A Tech Solution Co
Pair trading matchups for A Tech
Pair Trading with Kosdaq Composite and A Tech
The main advantage of trading using opposite Kosdaq Composite and A Tech positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kosdaq Composite position performs unexpectedly, A Tech 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 A Tech will offset losses from the drop in A Tech's long position.| Kosdaq Composite vs. Shinil Electronics Co | Kosdaq Composite vs. Sungdo Engineering Construction | Kosdaq Composite vs. Seoul Electronics Telecom | Kosdaq Composite vs. ENERGYMACHINERY KOREA CoLtd |
| A Tech vs. Daedong Metals Co | A Tech vs. Hanjin Transportation Co | A Tech vs. LG Chemicals | A Tech vs. Nable Communications |
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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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