Correlation Between KSM Mutual and Bezeq Israeli
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By analyzing existing cross correlation between KSM Mutual Funds and Bezeq Israeli Telecommunication, you can compare the effects of market volatilities on KSM Mutual and Bezeq Israeli 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 KSM Mutual with a short position of Bezeq Israeli. Check out your portfolio center. Please also check ongoing floating volatility patterns of KSM Mutual and Bezeq Israeli.
Diversification Opportunities for KSM Mutual and Bezeq Israeli
0.23 | Correlation Coefficient |
Modest diversification
The 3 months correlation between KSM and Bezeq is 0.23. Overlapping area represents the amount of risk that can be diversified away by holding KSM Mutual Funds and Bezeq Israeli Telecommunicatio in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Bezeq Israeli Teleco and KSM Mutual 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 KSM Mutual Funds are associated (or correlated) with Bezeq Israeli. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bezeq Israeli Teleco has no effect on the direction of KSM Mutual i.e., KSM Mutual and Bezeq Israeli go up and down completely randomly.
Pair Corralation between KSM Mutual and Bezeq Israeli
Assuming the 90 days trading horizon KSM Mutual is expected to generate 9.47 times less return on investment than Bezeq Israeli. But when comparing it to its historical volatility, KSM Mutual Funds is 8.71 times less risky than Bezeq Israeli. It trades about 0.29 of its potential returns per unit of risk. Bezeq Israeli Telecommunication is currently generating about 0.32 of returns per unit of risk over similar time horizon. If you would invest 41,664 in Bezeq Israeli Telecommunication on August 29, 2024 and sell it today you would earn a total of 11,086 from holding Bezeq Israeli Telecommunication or generate 26.61% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
KSM Mutual Funds vs. Bezeq Israeli Telecommunicatio
Performance |
| Timeline |
| KSM Mutual Funds |
| Bezeq Israeli Teleco |
KSM Mutual and Bezeq Israeli Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KSM Mutual and Bezeq Israeli
The main advantage of trading using opposite KSM Mutual and Bezeq Israeli positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KSM Mutual position performs unexpectedly, Bezeq Israeli 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 Bezeq Israeli will offset losses from the drop in Bezeq Israeli's long position.| KSM Mutual vs. KSM Mutual Funds | KSM Mutual vs. KSM Mutual Funds | KSM Mutual vs. KSM Mutual Funds | KSM Mutual vs. KSM Mutual Funds |
| Bezeq Israeli vs. Tower Semiconductor | Bezeq Israeli vs. Israel Discount Bank | Bezeq Israeli vs. B Communications | Bezeq Israeli vs. Holmes Place International |
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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