Correlation Between KTBST Mixed and Siam Cement
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By analyzing existing cross correlation between KTBST Mixed Leasehold and The Siam Cement, you can compare the effects of market volatilities on KTBST Mixed and Siam Cement 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 Siam Cement. Check out your portfolio center. Please also check ongoing floating volatility patterns of KTBST Mixed and Siam Cement.
Diversification Opportunities for KTBST Mixed and Siam Cement
-0.01 | Correlation Coefficient |
Good diversification
The 3 months correlation between KTBST and Siam is -0.01. Overlapping area represents the amount of risk that can be diversified away by holding KTBST Mixed Leasehold and The Siam Cement in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Siam Cement 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 Siam Cement. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Siam Cement has no effect on the direction of KTBST Mixed i.e., KTBST Mixed and Siam Cement go up and down completely randomly.
Pair Corralation between KTBST Mixed and Siam Cement
Assuming the 90 days trading horizon KTBST Mixed Leasehold is expected to generate 0.7 times more return on investment than Siam Cement. However, KTBST Mixed Leasehold is 1.43 times less risky than Siam Cement. It trades about 0.02 of its potential returns per unit of risk. The Siam Cement is currently generating about -0.1 per unit of risk. If you would invest 635.00 in KTBST Mixed Leasehold on September 2, 2024 and sell it today you would earn a total of 15.00 from holding KTBST Mixed Leasehold or generate 2.36% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
KTBST Mixed Leasehold vs. The Siam Cement
Performance |
| Timeline |
| KTBST Mixed Leasehold |
| Siam Cement |
KTBST Mixed and Siam Cement Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KTBST Mixed and Siam Cement
The main advantage of trading using opposite KTBST Mixed and Siam Cement positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KTBST Mixed position performs unexpectedly, Siam Cement 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 Siam Cement will offset losses from the drop in Siam Cement'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 |
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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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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