Correlation Between LH Hotel and Saksiam Leasing
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By analyzing existing cross correlation between LH Hotel Leasehold and Saksiam Leasing Public, you can compare the effects of market volatilities on LH Hotel 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 LH Hotel with a short position of Saksiam Leasing. Check out your portfolio center. Please also check ongoing floating volatility patterns of LH Hotel and Saksiam Leasing.
Diversification Opportunities for LH Hotel and Saksiam Leasing
0.24 | Correlation Coefficient |
Modest diversification
The 3 months correlation between LHHOTEL and Saksiam is 0.24. Overlapping area represents the amount of risk that can be diversified away by holding LH Hotel 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 LH Hotel 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 Hotel 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 LH Hotel i.e., LH Hotel and Saksiam Leasing go up and down completely randomly.
Pair Corralation between LH Hotel and Saksiam Leasing
Assuming the 90 days trading horizon LH Hotel Leasehold is expected to generate 0.43 times more return on investment than Saksiam Leasing. However, LH Hotel Leasehold is 2.3 times less risky than Saksiam Leasing. It trades about 0.12 of its potential returns per unit of risk. Saksiam Leasing Public is currently generating about 0.0 per unit of risk. If you would invest 1,290 in LH Hotel Leasehold on August 27, 2024 and sell it today you would earn a total of 40.00 from holding LH Hotel Leasehold or generate 3.1% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
LH Hotel Leasehold vs. Saksiam Leasing Public
Performance |
| Timeline |
| LH Hotel Leasehold |
| Saksiam Leasing Public |
LH Hotel and Saksiam Leasing Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with LH Hotel and Saksiam Leasing
The main advantage of trading using opposite LH Hotel and Saksiam Leasing positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if LH Hotel 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.| LH Hotel vs. LH Shopping Centers | LH Hotel vs. Quality Houses Property | LH Hotel vs. Impact Growth REIT | LH Hotel vs. CPN Retail Growth |
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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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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