Correlation Between KTBST Mixed and Ticon Freehold
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By analyzing existing cross correlation between KTBST Mixed Leasehold and Ticon Freehold and, you can compare the effects of market volatilities on KTBST Mixed and Ticon Freehold 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 KTBST Mixed with a short position of Ticon Freehold. Check out your portfolio center. Please also check ongoing floating volatility patterns of KTBST Mixed and Ticon Freehold.
Diversification Opportunities for KTBST Mixed and Ticon Freehold
0.09 | Correlation Coefficient |
Significant diversification
The 3 months correlation between KTBST and Ticon is 0.09. Overlapping area represents the amount of risk that can be diversified away by holding KTBST Mixed Leasehold and Ticon Freehold and in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Ticon Freehold and KTBST Mixed 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 KTBST Mixed Leasehold are associated (or correlated) with Ticon Freehold. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ticon Freehold has no effect on the direction of KTBST Mixed i.e., KTBST Mixed and Ticon Freehold go up and down completely randomly.
Pair Corralation between KTBST Mixed and Ticon Freehold
Assuming the 90 days trading horizon KTBST Mixed Leasehold is expected to generate 0.75 times more return on investment than Ticon Freehold. However, KTBST Mixed Leasehold is 1.34 times less risky than Ticon Freehold. It trades about 0.05 of its potential returns per unit of risk. Ticon Freehold and is currently generating about -0.05 per unit of risk. If you would invest 643.00 in KTBST Mixed Leasehold on August 29, 2024 and sell it today you would earn a total of 7.00 from holding KTBST Mixed Leasehold or generate 1.09% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 95.65% |
| Values | Daily Returns |
KTBST Mixed Leasehold vs. Ticon Freehold and
Performance |
| Timeline |
| KTBST Mixed Leasehold |
| Ticon Freehold |
KTBST Mixed and Ticon Freehold Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KTBST Mixed and Ticon Freehold
The main advantage of trading using opposite KTBST Mixed and Ticon Freehold positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KTBST Mixed position performs unexpectedly, Ticon Freehold 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 Ticon Freehold will offset losses from the drop in Ticon Freehold's long position.| KTBST Mixed vs. Ticon Freehold and | KTBST Mixed vs. CPN Retail Growth | KTBST Mixed vs. Golden Ventures Leasehold | KTBST Mixed vs. Impact Growth REIT |
| Ticon Freehold vs. WHA Premium Growth | Ticon Freehold vs. CPN Retail Growth | Ticon Freehold vs. Impact Growth REIT | Ticon Freehold vs. Golden Ventures Leasehold |
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.
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