Correlation Between Marqeta and Kaltura
Can any of the company-specific risk be diversified away by investing in both Marqeta and Kaltura 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 Marqeta and Kaltura into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Marqeta and Kaltura, you can compare the effects of market volatilities on Marqeta and Kaltura 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 Marqeta with a short position of Kaltura. Check out your portfolio center. Please also check ongoing floating volatility patterns of Marqeta and Kaltura.
Diversification Opportunities for Marqeta and Kaltura
Pay attention - limited upside
The 3 months correlation between Marqeta and Kaltura is -0.85. Overlapping area represents the amount of risk that can be diversified away by holding Marqeta and Kaltura in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kaltura and Marqeta 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 Marqeta are associated (or correlated) with Kaltura. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kaltura has no effect on the direction of Marqeta i.e., Marqeta and Kaltura go up and down completely randomly.
Pair Corralation between Marqeta and Kaltura
Allowing for the 90-day total investment horizon Marqeta is expected to under-perform the Kaltura. But the stock apears to be less risky and, when comparing its historical volatility, Marqeta is 1.05 times less risky than Kaltura. The stock trades about -0.02 of its potential returns per unit of risk. The Kaltura is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest 178.00 in Kaltura on September 14, 2024 and sell it today you would earn a total of 46.00 from holding Kaltura or generate 25.84% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Marqeta vs. Kaltura
Performance |
| Timeline |
| Marqeta |
| Kaltura |
Marqeta and Kaltura Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Marqeta and Kaltura
The main advantage of trading using opposite Marqeta and Kaltura positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Marqeta position performs unexpectedly, Kaltura 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 Kaltura will offset losses from the drop in Kaltura's long position.| Marqeta vs. Evertec | Marqeta vs. Global Blue Group | Marqeta vs. NetScout Systems | Marqeta vs. CSG Systems International |
| Kaltura vs. Evertec | Kaltura vs. Consensus Cloud Solutions | Kaltura vs. Global Blue Group | Kaltura vs. Lesaka Technologies |
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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