Correlation Between POST TELECOMMU and VN Index
Can any of the company-specific risk be diversified away by investing in both POST TELECOMMU and VN Index 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 POST TELECOMMU and VN Index into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between POST TELECOMMU and VN Index, you can compare the effects of market volatilities on POST TELECOMMU and VN Index 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 POST TELECOMMU with a short position of VN Index. Check out your portfolio center. Please also check ongoing floating volatility patterns of POST TELECOMMU and VN Index.
Diversification Opportunities for POST TELECOMMU and VN Index
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between POST and VNI is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding POST TELECOMMU and VN Index in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on VN Index and POST TELECOMMU 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 POST TELECOMMU are associated (or correlated) with VN Index. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of VN Index has no effect on the direction of POST TELECOMMU i.e., POST TELECOMMU and VN Index go up and down completely randomly.
Pair Corralation between POST TELECOMMU and VN Index
If you would invest 1,933,331 in POST TELECOMMU on November 3, 2024 and sell it today you would earn a total of 276,669 from holding POST TELECOMMU or generate 14.31% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.92% |
| Values | Daily Returns |
POST TELECOMMU vs. VN Index
Performance |
| Timeline |
POST TELECOMMU and VN Index Volatility Contrast
Predicted Return Density |
| Returns |
POST TELECOMMU
Pair trading matchups for POST TELECOMMU
VN Index
Pair trading matchups for VN Index
Pair Trading with POST TELECOMMU and VN Index
The main advantage of trading using opposite POST TELECOMMU and VN Index positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if POST TELECOMMU position performs unexpectedly, VN Index 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 VN Index will offset losses from the drop in VN Index's long position.| POST TELECOMMU vs. PostTelecommunication Equipment | POST TELECOMMU vs. Saigon Beer Alcohol | POST TELECOMMU vs. VTC Telecommunications JSC | POST TELECOMMU vs. Elcom Technology Communications |
| VN Index vs. Vnsteel Vicasa JSC | VN Index vs. Hanoi Beer Alcohol | VN Index vs. Everland Investment JSC | VN Index vs. Thanh Dat Investment |
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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