Correlation Between KILROY and Thai Beverage
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By analyzing existing cross correlation between KILROY RLTY L and Thai Beverage PCL, you can compare the effects of market volatilities on KILROY and Thai Beverage 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 Thai Beverage. Check out your portfolio center. Please also check ongoing floating volatility patterns of KILROY and Thai Beverage.
Diversification Opportunities for KILROY and Thai Beverage
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between KILROY and Thai is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding KILROY RLTY L and Thai Beverage PCL in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Thai Beverage PCL 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 Thai Beverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Thai Beverage PCL has no effect on the direction of KILROY i.e., KILROY and Thai Beverage go up and down completely randomly.
Pair Corralation between KILROY and Thai Beverage
If you would invest 3,367 in Thai Beverage PCL on September 14, 2024 and sell it today you would earn a total of 0.00 from holding Thai Beverage PCL or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
KILROY RLTY L vs. Thai Beverage PCL
Performance |
| Timeline |
| KILROY RLTY L |
| Thai Beverage PCL |
KILROY and Thai Beverage Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KILROY and Thai Beverage
The main advantage of trading using opposite KILROY and Thai Beverage positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KILROY position performs unexpectedly, Thai Beverage 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 Thai Beverage will offset losses from the drop in Thai Beverage's long position.The idea behind KILROY RLTY L and Thai Beverage PCL pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| Thai Beverage vs. Andrew Peller Limited | Thai Beverage vs. Aristocrat Group Corp | Thai Beverage vs. Iconic Brands | Thai Beverage vs. Naked Wines plc |
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 Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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