Correlation Between Kaltura and Guangzhou
Can any of the company-specific risk be diversified away by investing in both Kaltura and Guangzhou at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Kaltura and Guangzhou into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Kaltura and Guangzhou RF Properties, you can compare the effects of market volatilities on Kaltura and Guangzhou 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 Kaltura with a short position of Guangzhou. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kaltura and Guangzhou.
Diversification Opportunities for Kaltura and Guangzhou
Poor diversification
The 3 months correlation between Kaltura and Guangzhou is 0.7. Overlapping area represents the amount of risk that can be diversified away by holding Kaltura and Guangzhou RF Properties in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Guangzhou RF Properties and Kaltura 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 Kaltura are associated (or correlated) with Guangzhou. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Guangzhou RF Properties has no effect on the direction of Kaltura i.e., Kaltura and Guangzhou go up and down completely randomly.
Pair Corralation between Kaltura and Guangzhou
If you would invest 223.00 in Kaltura on September 26, 2024 and sell it today you would earn a total of 12.00 from holding Kaltura or generate 5.38% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Significant |
Accuracy | 100.0% |
Values | Daily Returns |
Kaltura vs. Guangzhou RF Properties
Performance |
Timeline |
Kaltura |
Guangzhou RF Properties |
Kaltura and Guangzhou Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Kaltura and Guangzhou
The main advantage of trading using opposite Kaltura and Guangzhou positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kaltura position performs unexpectedly, Guangzhou 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 Guangzhou will offset losses from the drop in Guangzhou's long position.Kaltura vs. Dubber Limited | Kaltura vs. Advanced Health Intelligence | Kaltura vs. Danavation Technologies Corp | Kaltura vs. BASE Inc |
Guangzhou vs. Kaltura | Guangzhou vs. Amkor Technology | Guangzhou vs. Valneva SE ADR | Guangzhou vs. Kandi Technologies Group |
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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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