Correlation Between Katapult Holdings and AgileThought
Can any of the company-specific risk be diversified away by investing in both Katapult Holdings and AgileThought 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 Katapult Holdings and AgileThought into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Katapult Holdings Equity and AgileThought, you can compare the effects of market volatilities on Katapult Holdings and AgileThought 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 Katapult Holdings with a short position of AgileThought. Check out your portfolio center. Please also check ongoing floating volatility patterns of Katapult Holdings and AgileThought.
Diversification Opportunities for Katapult Holdings and AgileThought
0.13 | Correlation Coefficient |
Average diversification
The 3 months correlation between Katapult and AgileThought is 0.13. Overlapping area represents the amount of risk that can be diversified away by holding Katapult Holdings Equity and AgileThought in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AgileThought and Katapult Holdings 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 Katapult Holdings Equity are associated (or correlated) with AgileThought. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AgileThought has no effect on the direction of Katapult Holdings i.e., Katapult Holdings and AgileThought go up and down completely randomly.
Pair Corralation between Katapult Holdings and AgileThought
If you would invest 7.00 in AgileThought on August 31, 2024 and sell it today you would earn a total of 0.00 from holding AgileThought or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 4.76% |
| Values | Daily Returns |
Katapult Holdings Equity vs. AgileThought
Performance |
| Timeline |
| Katapult Holdings Equity |
| AgileThought |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Katapult Holdings and AgileThought Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Katapult Holdings and AgileThought
The main advantage of trading using opposite Katapult Holdings and AgileThought positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Katapult Holdings position performs unexpectedly, AgileThought 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 AgileThought will offset losses from the drop in AgileThought's long position.| Katapult Holdings vs. AvePoint | Katapult Holdings vs. Katapult Holdings | Katapult Holdings vs. WM Technology |
| AgileThought vs. Katapult Holdings Equity | AgileThought vs. Arqit Quantum Warrants | AgileThought vs. AvePoint |
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 Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Other Complementary Tools
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |