Correlation Between LH Financial and Kasikornbank Public
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By analyzing existing cross correlation between LH Financial Group and Kasikornbank Public, you can compare the effects of market volatilities on LH Financial and Kasikornbank Public 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 LH Financial with a short position of Kasikornbank Public. Check out your portfolio center. Please also check ongoing floating volatility patterns of LH Financial and Kasikornbank Public.
Diversification Opportunities for LH Financial and Kasikornbank Public
-0.55 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between LHFG and Kasikornbank is -0.55. Overlapping area represents the amount of risk that can be diversified away by holding LH Financial Group and Kasikornbank Public in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kasikornbank Public and LH Financial 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 LH Financial Group are associated (or correlated) with Kasikornbank Public. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kasikornbank Public has no effect on the direction of LH Financial i.e., LH Financial and Kasikornbank Public go up and down completely randomly.
Pair Corralation between LH Financial and Kasikornbank Public
Assuming the 90 days trading horizon LH Financial Group is expected to under-perform the Kasikornbank Public. In addition to that, LH Financial is 1.36 times more volatile than Kasikornbank Public. It trades about -0.05 of its total potential returns per unit of risk. Kasikornbank Public is currently generating about 0.25 per unit of volatility. If you would invest 15,400 in Kasikornbank Public on October 20, 2024 and sell it today you would earn a total of 700.00 from holding Kasikornbank Public or generate 4.55% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
LH Financial Group vs. Kasikornbank Public
Performance |
| Timeline |
| LH Financial Group |
| Kasikornbank Public |
LH Financial and Kasikornbank Public Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with LH Financial and Kasikornbank Public
The main advantage of trading using opposite LH Financial and Kasikornbank Public positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if LH Financial position performs unexpectedly, Kasikornbank Public 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 Kasikornbank Public will offset losses from the drop in Kasikornbank Public's long position.| LH Financial vs. Quality Houses Public | LH Financial vs. Kiatnakin Phatra Bank | LH Financial vs. Land and Houses | LH Financial vs. TISCO Financial Group |
| Kasikornbank Public vs. PTT Public | Kasikornbank Public vs. The Siam Commercial | Kasikornbank Public vs. CP ALL Public | Kasikornbank Public vs. SCB X 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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