Correlation Between LH Hotel and Stock Exchange
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By analyzing existing cross correlation between LH Hotel Leasehold and Stock Exchange Of, you can compare the effects of market volatilities on LH Hotel and Stock Exchange 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 Stock Exchange. Check out your portfolio center. Please also check ongoing floating volatility patterns of LH Hotel and Stock Exchange.
Diversification Opportunities for LH Hotel and Stock Exchange
-0.55 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between LHHOTEL and Stock is -0.55. Overlapping area represents the amount of risk that can be diversified away by holding LH Hotel Leasehold and Stock Exchange Of in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Stock Exchange 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 Stock Exchange. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Stock Exchange has no effect on the direction of LH Hotel i.e., LH Hotel and Stock Exchange go up and down completely randomly.
Pair Corralation between LH Hotel and Stock Exchange
Assuming the 90 days trading horizon LH Hotel Leasehold is expected to generate 0.9 times more return on investment than Stock Exchange. However, LH Hotel Leasehold is 1.11 times less risky than Stock Exchange. It trades about -0.05 of its potential returns per unit of risk. Stock Exchange Of is currently generating about -0.15 per unit of risk. If you would invest 1,330 in LH Hotel Leasehold on October 24, 2024 and sell it today you would lose (10.00) from holding LH Hotel Leasehold or give up 0.75% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
LH Hotel Leasehold vs. Stock Exchange Of
Performance |
| Timeline |
LH Hotel and Stock Exchange Volatility Contrast
Predicted Return Density |
| Returns |
LH Hotel Leasehold
Pair trading matchups for LH Hotel
Stock Exchange Of
Pair trading matchups for Stock Exchange
Pair Trading with LH Hotel and Stock Exchange
The main advantage of trading using opposite LH Hotel and Stock Exchange positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if LH Hotel position performs unexpectedly, Stock Exchange 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 Stock Exchange will offset losses from the drop in Stock Exchange'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 |
| Stock Exchange vs. Bangkok Dusit Medical | Stock Exchange vs. LH Hotel Leasehold | Stock Exchange vs. Ratchthani Leasing Public | Stock Exchange vs. Eastern Commercial Leasing |
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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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