Correlation Between KILROY and AMCON Distributing
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By analyzing existing cross correlation between KILROY RLTY L and AMCON Distributing, you can compare the effects of market volatilities on KILROY and AMCON Distributing 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 KILROY with a short position of AMCON Distributing. Check out your portfolio center. Please also check ongoing floating volatility patterns of KILROY and AMCON Distributing.
Diversification Opportunities for KILROY and AMCON Distributing
-0.32 | Correlation Coefficient |
Very good diversification
The 3 months correlation between KILROY and AMCON is -0.32. Overlapping area represents the amount of risk that can be diversified away by holding KILROY RLTY L and AMCON Distributing in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AMCON Distributing and KILROY 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 KILROY RLTY L are associated (or correlated) with AMCON Distributing. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AMCON Distributing has no effect on the direction of KILROY i.e., KILROY and AMCON Distributing go up and down completely randomly.
Pair Corralation between KILROY and AMCON Distributing
Assuming the 90 days trading horizon KILROY RLTY L is expected to generate 0.2 times more return on investment than AMCON Distributing. However, KILROY RLTY L is 4.88 times less risky than AMCON Distributing. It trades about 0.01 of its potential returns per unit of risk. AMCON Distributing is currently generating about 0.0 per unit of risk. If you would invest 9,706 in KILROY RLTY L on September 12, 2024 and sell it today you would earn a total of 134.00 from holding KILROY RLTY L or generate 1.38% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 89.18% |
| Values | Daily Returns |
KILROY RLTY L vs. AMCON Distributing
Performance |
| Timeline |
| KILROY RLTY L |
| AMCON Distributing |
KILROY and AMCON Distributing Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KILROY and AMCON Distributing
The main advantage of trading using opposite KILROY and AMCON Distributing positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KILROY position performs unexpectedly, AMCON Distributing 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 AMCON Distributing will offset losses from the drop in AMCON Distributing's long position.| KILROY vs. AMCON Distributing | KILROY vs. Tyson Foods | KILROY vs. Grupo Televisa SAB | KILROY vs. Pinterest |
| AMCON Distributing vs. The Chefs Warehouse | AMCON Distributing vs. G Willi Food International | AMCON Distributing vs. SpartanNash Co | AMCON Distributing vs. Calavo Growers |
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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
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