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Correlation Between Israel Index and KSM MUTUAL

Analyzing existing cross correlation between Israel Index and KSM MUTUAL FUNDS. You can compare the effects of market volatilities on Israel Index and KSM MUTUAL 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 Israel Index with a short position of KSM MUTUAL. Check out your portfolio center. Please also check ongoing floating volatility patterns of Israel Index and KSM MUTUAL.

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Diversification Opportunities for Israel Index and KSM MUTUAL

Israel Index diversification synergy
0.0
NQI
KSM

Pay attention - limited upside

The 3 months correlation between Israel and KSM-F33 is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Israel Index and KSM MUTUAL FUNDS in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on KSM MUTUAL FUNDS and Israel Index 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 Israel Index are associated (or correlated) with KSM MUTUAL. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KSM MUTUAL FUNDS has no effect on the direction of Israel Index i.e. Israel Index and KSM MUTUAL go up and down completely randomly.
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Pair Corralation between Israel Index and KSM MUTUAL

If you would invest  0.00  in KSM MUTUAL FUNDS on January 29, 2020 and sell it today you would earn a total of  0.00  from holding KSM MUTUAL FUNDS or generate 0.0% return on investment over 30 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy1.43%
ValuesDaily Returns

Israel Index  vs.  KSM MUTUAL FUNDS

 Performance (%) 
    
  Timeline 
 Predicted Return Density 
    
  Returns 
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