Correlation Between Samsung Electronics and KSB SE
Specify exactly 2 symbols:
By analyzing existing cross correlation between Samsung Electronics Co and KSB SE Co, you can compare the effects of market volatilities on Samsung Electronics and KSB SE 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 Samsung Electronics with a short position of KSB SE. Check out your portfolio center. Please also check ongoing floating volatility patterns of Samsung Electronics and KSB SE.
Diversification Opportunities for Samsung Electronics and KSB SE
-0.44 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Samsung and KSB is -0.44. Overlapping area represents the amount of risk that can be diversified away by holding Samsung Electronics Co and KSB SE Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KSB SE and Samsung Electronics 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 Samsung Electronics Co are associated (or correlated) with KSB SE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KSB SE has no effect on the direction of Samsung Electronics i.e., Samsung Electronics and KSB SE go up and down completely randomly.
Pair Corralation between Samsung Electronics and KSB SE
Assuming the 90 days trading horizon Samsung Electronics Co is expected to under-perform the KSB SE. In addition to that, Samsung Electronics is 1.74 times more volatile than KSB SE Co. It trades about -0.19 of its total potential returns per unit of risk. KSB SE Co is currently generating about 0.05 per unit of volatility. If you would invest 57,600 in KSB SE Co on September 2, 2024 and sell it today you would earn a total of 2,200 from holding KSB SE Co or generate 3.82% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Samsung Electronics Co vs. KSB SE Co
Performance |
| Timeline |
| Samsung Electronics |
| KSB SE |
Samsung Electronics and KSB SE Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Samsung Electronics and KSB SE
The main advantage of trading using opposite Samsung Electronics and KSB SE positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Samsung Electronics position performs unexpectedly, KSB SE 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 KSB SE will offset losses from the drop in KSB SE's long position.| Samsung Electronics vs. PKSHA TECHNOLOGY INC | Samsung Electronics vs. GAMESTOP | Samsung Electronics vs. Zoom Video Communications | Samsung Electronics vs. TSOGO SUN GAMING |
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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Other Complementary Tools
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |