Correlation Between KTBST Mixed and Saksiam Leasing
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By analyzing existing cross correlation between KTBST Mixed Leasehold and Saksiam Leasing Public, you can compare the effects of market volatilities on KTBST Mixed and Saksiam 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 Saksiam Leasing. Check out your portfolio center. Please also check ongoing floating volatility patterns of KTBST Mixed and Saksiam Leasing.
Diversification Opportunities for KTBST Mixed and Saksiam Leasing
0.15 | Correlation Coefficient |
Average diversification
The 3 months correlation between KTBST and Saksiam is 0.15. Overlapping area represents the amount of risk that can be diversified away by holding KTBST Mixed Leasehold and Saksiam Leasing Public in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Saksiam 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 Saksiam Leasing. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Saksiam Leasing Public has no effect on the direction of KTBST Mixed i.e., KTBST Mixed and Saksiam Leasing go up and down completely randomly.
Pair Corralation between KTBST Mixed and Saksiam Leasing
Assuming the 90 days trading horizon KTBST Mixed is expected to generate 4.01 times less return on investment than Saksiam Leasing. But when comparing it to its historical volatility, KTBST Mixed Leasehold is 3.34 times less risky than Saksiam Leasing. It trades about 0.09 of its potential returns per unit of risk. Saksiam Leasing Public is currently generating about 0.1 of returns per unit of risk over similar time horizon. If you would invest 505.00 in Saksiam Leasing Public on August 25, 2024 and sell it today you would earn a total of 35.00 from holding Saksiam Leasing Public or generate 6.93% 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. Saksiam Leasing Public
Performance |
| Timeline |
| KTBST Mixed Leasehold |
| Saksiam Leasing Public |
KTBST Mixed and Saksiam Leasing Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KTBST Mixed and Saksiam Leasing
The main advantage of trading using opposite KTBST Mixed and Saksiam Leasing positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KTBST Mixed position performs unexpectedly, Saksiam 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 Saksiam Leasing will offset losses from the drop in Saksiam 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 |
| Saksiam Leasing vs. Amanah Leasing Public | Saksiam Leasing vs. Infraset Public | Saksiam 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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