Correlation Between KTBST Mixed and SCB X
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By analyzing existing cross correlation between KTBST Mixed Leasehold and SCB X Public, you can compare the effects of market volatilities on KTBST Mixed and SCB X 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 SCB X. Check out your portfolio center. Please also check ongoing floating volatility patterns of KTBST Mixed and SCB X.
Diversification Opportunities for KTBST Mixed and SCB X
0.05 | Correlation Coefficient |
Significant diversification
The 3 months correlation between KTBST and SCB is 0.05. Overlapping area represents the amount of risk that can be diversified away by holding KTBST Mixed Leasehold and SCB X Public in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SCB X 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 SCB X. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SCB X Public has no effect on the direction of KTBST Mixed i.e., KTBST Mixed and SCB X go up and down completely randomly.
Pair Corralation between KTBST Mixed and SCB X
Assuming the 90 days trading horizon KTBST Mixed is expected to generate 1.51 times less return on investment than SCB X. In addition to that, KTBST Mixed is 1.9 times more volatile than SCB X Public. It trades about 0.05 of its total potential returns per unit of risk. SCB X Public is currently generating about 0.16 per unit of volatility. If you would invest 11,250 in SCB X Public on September 2, 2024 and sell it today you would earn a total of 200.00 from holding SCB X Public or generate 1.78% 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. SCB X Public
Performance |
| Timeline |
| KTBST Mixed Leasehold |
| SCB X Public |
KTBST Mixed and SCB X Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KTBST Mixed and SCB X
The main advantage of trading using opposite KTBST Mixed and SCB X positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KTBST Mixed position performs unexpectedly, SCB X 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 SCB X will offset losses from the drop in SCB X'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 |
| SCB X vs. Porn Prom Metal | SCB X vs. Halcyon Technology Public | SCB X vs. Rojana Industrial Park | SCB X vs. Sri panwa Hospitality |
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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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