Correlation Between KTBST Mixed and Micro Leasing
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By analyzing existing cross correlation between KTBST Mixed Leasehold and Micro Leasing Public, you can compare the effects of market volatilities on KTBST Mixed and Micro Leasing 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 Micro Leasing. Check out your portfolio center. Please also check ongoing floating volatility patterns of KTBST Mixed and Micro Leasing.
Diversification Opportunities for KTBST Mixed and Micro Leasing
0.17 | Correlation Coefficient |
Average diversification
The 3 months correlation between KTBST and Micro is 0.17. Overlapping area represents the amount of risk that can be diversified away by holding KTBST Mixed Leasehold and Micro Leasing Public in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Micro Leasing Public 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 Micro Leasing. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Micro Leasing Public has no effect on the direction of KTBST Mixed i.e., KTBST Mixed and Micro Leasing go up and down completely randomly.
Pair Corralation between KTBST Mixed and Micro Leasing
Assuming the 90 days trading horizon KTBST Mixed Leasehold is expected to generate 0.33 times more return on investment than Micro Leasing. However, KTBST Mixed Leasehold is 2.99 times less risky than Micro Leasing. It trades about 0.02 of its potential returns per unit of risk. Micro Leasing Public is currently generating about -0.34 per unit of risk. If you would invest 647.00 in KTBST Mixed Leasehold on August 30, 2024 and sell it today you would earn a total of 3.00 from holding KTBST Mixed Leasehold or generate 0.46% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
KTBST Mixed Leasehold vs. Micro Leasing Public
Performance |
| Timeline |
| KTBST Mixed Leasehold |
| Micro Leasing Public |
KTBST Mixed and Micro Leasing Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KTBST Mixed and Micro Leasing
The main advantage of trading using opposite KTBST Mixed and Micro Leasing positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KTBST Mixed position performs unexpectedly, Micro Leasing 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 Micro Leasing will offset losses from the drop in Micro Leasing'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 |
| Micro Leasing vs. Amanah Leasing Public | Micro Leasing vs. Infraset Public | Micro Leasing vs. JMT Network Services |
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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