Correlation Between QuickLogic and KVH Industries
Can any of the company-specific risk be diversified away by investing in both QuickLogic and KVH Industries 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 QuickLogic and KVH Industries into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between QuickLogic and KVH Industries, you can compare the effects of market volatilities on QuickLogic and KVH Industries 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 QuickLogic with a short position of KVH Industries. Check out your portfolio center. Please also check ongoing floating volatility patterns of QuickLogic and KVH Industries.
Diversification Opportunities for QuickLogic and KVH Industries
-0.02 | Correlation Coefficient |
Good diversification
The 3 months correlation between QuickLogic and KVH is -0.02. Overlapping area represents the amount of risk that can be diversified away by holding QuickLogic and KVH Industries in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KVH Industries and QuickLogic 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 QuickLogic are associated (or correlated) with KVH Industries. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KVH Industries has no effect on the direction of QuickLogic i.e., QuickLogic and KVH Industries go up and down completely randomly.
Pair Corralation between QuickLogic and KVH Industries
Given the investment horizon of 90 days QuickLogic is expected to generate 1.42 times more return on investment than KVH Industries. However, QuickLogic is 1.42 times more volatile than KVH Industries. It trades about 0.04 of its potential returns per unit of risk. KVH Industries is currently generating about -0.04 per unit of risk. If you would invest 543.00 in QuickLogic on August 31, 2024 and sell it today you would earn a total of 231.00 from holding QuickLogic or generate 42.54% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
QuickLogic vs. KVH Industries
Performance |
| Timeline |
| QuickLogic |
| KVH Industries |
QuickLogic and KVH Industries Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with QuickLogic and KVH Industries
The main advantage of trading using opposite QuickLogic and KVH Industries positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if QuickLogic position performs unexpectedly, KVH Industries 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 KVH Industries will offset losses from the drop in KVH Industries' long position.| QuickLogic vs. Pixelworks | QuickLogic vs. AXT Inc | QuickLogic vs. Power Integrations | QuickLogic vs. Lattice Semiconductor |
| KVH Industries vs. Telesat Corp | KVH Industries vs. Comtech Telecommunications Corp | KVH Industries vs. Knowles Cor | KVH Industries vs. Ituran Location and |
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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Other Complementary Tools
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |