Correlation Between KEYCORP and Kaltura
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By analyzing existing cross correlation between KEYCORP MTN and Kaltura, you can compare the effects of market volatilities on KEYCORP 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 KEYCORP with a short position of Kaltura. Check out your portfolio center. Please also check ongoing floating volatility patterns of KEYCORP and Kaltura.
Diversification Opportunities for KEYCORP and Kaltura
Excellent diversification
The 3 months correlation between KEYCORP and Kaltura is -0.6. Overlapping area represents the amount of risk that can be diversified away by holding KEYCORP MTN and Kaltura in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kaltura and KEYCORP 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 KEYCORP MTN 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 KEYCORP i.e., KEYCORP and Kaltura go up and down completely randomly.
Pair Corralation between KEYCORP and Kaltura
Assuming the 90 days trading horizon KEYCORP MTN is expected to under-perform the Kaltura. But the bond apears to be less risky and, when comparing its historical volatility, KEYCORP MTN is 3.8 times less risky than Kaltura. The bond trades about -0.13 of its potential returns per unit of risk. The Kaltura is currently generating about 0.43 of returns per unit of risk over similar time horizon. If you would invest 131.00 in Kaltura on August 31, 2024 and sell it today you would earn a total of 85.00 from holding Kaltura or generate 64.89% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 95.65% |
| Values | Daily Returns |
KEYCORP MTN vs. Kaltura
Performance |
| Timeline |
| KEYCORP MTN |
| Kaltura |
KEYCORP and Kaltura Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KEYCORP and Kaltura
The main advantage of trading using opposite KEYCORP and Kaltura positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KEYCORP 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.| KEYCORP vs. Kaltura | KEYCORP vs. The Cheesecake Factory | KEYCORP vs. Park Hotels Resorts | KEYCORP vs. Playa Hotels Resorts |
| 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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