Correlation Between 37190AAA7 and KVH Industries
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By analyzing existing cross correlation between G 175 10 APR 26 and KVH Industries, you can compare the effects of market volatilities on 37190AAA7 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 37190AAA7 with a short position of KVH Industries. Check out your portfolio center. Please also check ongoing floating volatility patterns of 37190AAA7 and KVH Industries.
Diversification Opportunities for 37190AAA7 and KVH Industries
0.16 | Correlation Coefficient |
Average diversification
The 3 months correlation between 37190AAA7 and KVH is 0.16. Overlapping area represents the amount of risk that can be diversified away by holding G 175 10 APR 26 and KVH Industries in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KVH Industries and 37190AAA7 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 G 175 10 APR 26 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 37190AAA7 i.e., 37190AAA7 and KVH Industries go up and down completely randomly.
Pair Corralation between 37190AAA7 and KVH Industries
Assuming the 90 days trading horizon G 175 10 APR 26 is expected to generate 0.4 times more return on investment than KVH Industries. However, G 175 10 APR 26 is 2.48 times less risky than KVH Industries. It trades about 0.01 of its potential returns per unit of risk. KVH Industries is currently generating about -0.03 per unit of risk. If you would invest 9,012 in G 175 10 APR 26 on October 30, 2024 and sell it today you would earn a total of 18.00 from holding G 175 10 APR 26 or generate 0.2% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 28.14% |
| Values | Daily Returns |
G 175 10 APR 26 vs. KVH Industries
Performance |
| Timeline |
| 37190AAA7 |
| KVH Industries |
37190AAA7 and KVH Industries Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with 37190AAA7 and KVH Industries
The main advantage of trading using opposite 37190AAA7 and KVH Industries positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if 37190AAA7 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.| 37190AAA7 vs. Canlan Ice Sports | 37190AAA7 vs. Saia Inc | 37190AAA7 vs. Lindblad Expeditions Holdings | 37190AAA7 vs. IPG Photonics |
| KVH Industries vs. Comtech Telecommunications Corp | KVH Industries vs. Silicom | KVH Industries vs. Knowles Cor | KVH Industries vs. Mynaric AG ADR |
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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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