Correlation Between Intermedia Capital and Lautan Luas
Can any of the company-specific risk be diversified away by investing in both Intermedia Capital and Lautan Luas at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Intermedia Capital and Lautan Luas into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Intermedia Capital Tbk and Lautan Luas Tbk, you can compare the effects of market volatilities on Intermedia Capital and Lautan Luas 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 Intermedia Capital with a short position of Lautan Luas. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intermedia Capital and Lautan Luas.
Diversification Opportunities for Intermedia Capital and Lautan Luas
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Intermedia and Lautan is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Intermedia Capital Tbk and Lautan Luas Tbk in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Lautan Luas Tbk and Intermedia Capital 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 Intermedia Capital Tbk are associated (or correlated) with Lautan Luas. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Lautan Luas Tbk has no effect on the direction of Intermedia Capital i.e., Intermedia Capital and Lautan Luas go up and down completely randomly.
Pair Corralation between Intermedia Capital and Lautan Luas
If you would invest 1,000.00 in Intermedia Capital Tbk on August 30, 2024 and sell it today you would earn a total of 0.00 from holding Intermedia Capital Tbk or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Intermedia Capital Tbk vs. Lautan Luas Tbk
Performance |
| Timeline |
| Intermedia Capital Tbk |
| Lautan Luas Tbk |
Intermedia Capital and Lautan Luas Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Intermedia Capital and Lautan Luas
The main advantage of trading using opposite Intermedia Capital and Lautan Luas positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Intermedia Capital position performs unexpectedly, Lautan Luas 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 Lautan Luas will offset losses from the drop in Lautan Luas' long position.| Intermedia Capital vs. Visi Media Asia | Intermedia Capital vs. Mnc Sky Vision | Intermedia Capital vs. Mahaka Radio Integra | Intermedia Capital vs. Mnc Land Tbk |
| Lautan Luas vs. Yelooo Integra Datanet | Lautan Luas vs. Indosterling Technomedia Tbk | Lautan Luas vs. Global Mediacom Tbk | Lautan Luas vs. Intermedia Capital Tbk |
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Other Complementary Tools
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges |