Correlation Between KTBST Mixed and Information
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By analyzing existing cross correlation between KTBST Mixed Leasehold and Information and Communication, you can compare the effects of market volatilities on KTBST Mixed and Information 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 Information. Check out your portfolio center. Please also check ongoing floating volatility patterns of KTBST Mixed and Information.
Diversification Opportunities for KTBST Mixed and Information
0.24 | Correlation Coefficient |
Modest diversification
The 3 months correlation between KTBST and Information is 0.24. Overlapping area represents the amount of risk that can be diversified away by holding KTBST Mixed Leasehold and Information and Communication in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Information and Comm 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 Information. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Information and Comm has no effect on the direction of KTBST Mixed i.e., KTBST Mixed and Information go up and down completely randomly.
Pair Corralation between KTBST Mixed and Information
Assuming the 90 days trading horizon KTBST Mixed Leasehold is expected to generate 0.45 times more return on investment than Information. However, KTBST Mixed Leasehold is 2.22 times less risky than Information. It trades about 0.12 of its potential returns per unit of risk. Information and Communication is currently generating about -0.07 per unit of risk. If you would invest 633.00 in KTBST Mixed Leasehold on August 31, 2024 and sell it today you would earn a total of 17.00 from holding KTBST Mixed Leasehold or generate 2.69% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
KTBST Mixed Leasehold vs. Information and Communication
Performance |
| Timeline |
| KTBST Mixed Leasehold |
| Information and Comm |
KTBST Mixed and Information Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KTBST Mixed and Information
The main advantage of trading using opposite KTBST Mixed and Information positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KTBST Mixed position performs unexpectedly, Information 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 Information will offset losses from the drop in Information'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 |
| Information vs. Hana Microelectronics Public | Information vs. Ekachai Medical Care | Information vs. Diamond Building Products | Information vs. Intouch Holdings Public |
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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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