Correlation Between KTBST Mixed and Silicon Craft
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By analyzing existing cross correlation between KTBST Mixed Leasehold and Silicon Craft Technology, you can compare the effects of market volatilities on KTBST Mixed and Silicon Craft 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 Silicon Craft. Check out your portfolio center. Please also check ongoing floating volatility patterns of KTBST Mixed and Silicon Craft.
Diversification Opportunities for KTBST Mixed and Silicon Craft
-0.38 | Correlation Coefficient |
Very good diversification
The 3 months correlation between KTBST and Silicon is -0.38. Overlapping area represents the amount of risk that can be diversified away by holding KTBST Mixed Leasehold and Silicon Craft Technology in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Silicon Craft Technology 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 Silicon Craft. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Silicon Craft Technology has no effect on the direction of KTBST Mixed i.e., KTBST Mixed and Silicon Craft go up and down completely randomly.
Pair Corralation between KTBST Mixed and Silicon Craft
Assuming the 90 days trading horizon KTBST Mixed Leasehold is expected to generate 0.42 times more return on investment than Silicon Craft. However, KTBST Mixed Leasehold is 2.38 times less risky than Silicon Craft. It trades about -0.02 of its potential returns per unit of risk. Silicon Craft Technology is currently generating about -0.02 per unit of risk. If you would invest 734.00 in KTBST Mixed Leasehold on September 3, 2024 and sell it today you would lose (84.00) from holding KTBST Mixed Leasehold or give up 11.44% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 99.79% |
| Values | Daily Returns |
KTBST Mixed Leasehold vs. Silicon Craft Technology
Performance |
| Timeline |
| KTBST Mixed Leasehold |
| Silicon Craft Technology |
KTBST Mixed and Silicon Craft Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KTBST Mixed and Silicon Craft
The main advantage of trading using opposite KTBST Mixed and Silicon Craft positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KTBST Mixed position performs unexpectedly, Silicon Craft 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 Silicon Craft will offset losses from the drop in Silicon Craft'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 |
| Silicon Craft vs. North East Rubbers | Silicon Craft vs. Mega Lifesciences Public | Silicon Craft vs. KCE Electronics Public | Silicon Craft vs. Singer Thailand 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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