Correlation Between 80281LAQ8 and Kaltura
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By analyzing existing cross correlation between SANTANDER UK GROUP and Kaltura, you can compare the effects of market volatilities on 80281LAQ8 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 80281LAQ8 with a short position of Kaltura. Check out your portfolio center. Please also check ongoing floating volatility patterns of 80281LAQ8 and Kaltura.
Diversification Opportunities for 80281LAQ8 and Kaltura
Good diversification
The 3 months correlation between 80281LAQ8 and Kaltura is -0.17. Overlapping area represents the amount of risk that can be diversified away by holding SANTANDER UK GROUP and Kaltura in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kaltura and 80281LAQ8 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 SANTANDER UK GROUP 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 80281LAQ8 i.e., 80281LAQ8 and Kaltura go up and down completely randomly.
Pair Corralation between 80281LAQ8 and Kaltura
Assuming the 90 days trading horizon SANTANDER UK GROUP is expected to under-perform the Kaltura. But the bond apears to be less risky and, when comparing its historical volatility, SANTANDER UK GROUP is 7.24 times less risky than Kaltura. The bond trades about -0.04 of its potential returns per unit of risk. The Kaltura is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest 185.00 in Kaltura on September 12, 2024 and sell it today you would earn a total of 50.00 from holding Kaltura or generate 27.03% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 64.52% |
| Values | Daily Returns |
SANTANDER UK GROUP vs. Kaltura
Performance |
| Timeline |
| SANTANDER UK GROUP |
| Kaltura |
80281LAQ8 and Kaltura Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with 80281LAQ8 and Kaltura
The main advantage of trading using opposite 80281LAQ8 and Kaltura positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if 80281LAQ8 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.| 80281LAQ8 vs. Haverty Furniture Companies | 80281LAQ8 vs. Apogee Enterprises | 80281LAQ8 vs. IPG Photonics | 80281LAQ8 vs. Chemours Co |
| 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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