Correlation Between Logistea A and K Fast
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By analyzing existing cross correlation between Logistea A and K Fast Holding AB, you can compare the effects of market volatilities on Logistea A and K Fast 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 Logistea A with a short position of K Fast. Check out your portfolio center. Please also check ongoing floating volatility patterns of Logistea A and K Fast.
Diversification Opportunities for Logistea A and K Fast
0.9 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Logistea and KFAST-B is 0.9. Overlapping area represents the amount of risk that can be diversified away by holding Logistea A and K Fast Holding AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on K Fast Holding and Logistea A 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 Logistea A are associated (or correlated) with K Fast. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of K Fast Holding has no effect on the direction of Logistea A i.e., Logistea A and K Fast go up and down completely randomly.
Pair Corralation between Logistea A and K Fast
Assuming the 90 days trading horizon Logistea A is expected to generate 1.07 times more return on investment than K Fast. However, Logistea A is 1.07 times more volatile than K Fast Holding AB. It trades about 0.08 of its potential returns per unit of risk. K Fast Holding AB is currently generating about 0.02 per unit of risk. If you would invest 820.00 in Logistea A on September 3, 2024 and sell it today you would earn a total of 695.00 from holding Logistea A or generate 84.76% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Logistea A vs. K Fast Holding AB
Performance |
| Timeline |
| Logistea A |
| K Fast Holding |
Logistea A and K Fast Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Logistea A and K Fast
The main advantage of trading using opposite Logistea A and K Fast positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Logistea A position performs unexpectedly, K Fast 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 K Fast will offset losses from the drop in K Fast's long position.| Logistea A vs. New Wave Group | Logistea A vs. Clas Ohlson AB | Logistea A vs. BE Group AB | Logistea A vs. Betsson AB |
| K Fast vs. Fastighets AB Balder | K Fast vs. Nyfosa AB | K Fast vs. Dios Fastigheter AB | K Fast vs. Corem Property Group |
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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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