Correlation Between Gilat Satellite and Ksm Mutual
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By analyzing existing cross correlation between Gilat Satellite Networks and Ksm Mutual Funds, you can compare the effects of market volatilities on Gilat Satellite 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 Gilat Satellite with a short position of Ksm Mutual. Check out your portfolio center. Please also check ongoing floating volatility patterns of Gilat Satellite and Ksm Mutual.
Diversification Opportunities for Gilat Satellite and Ksm Mutual
-0.66 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Gilat and Ksm is -0.66. Overlapping area represents the amount of risk that can be diversified away by holding Gilat Satellite Networks 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 Gilat Satellite 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 Gilat Satellite Networks 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 Gilat Satellite i.e., Gilat Satellite and Ksm Mutual go up and down completely randomly.
Pair Corralation between Gilat Satellite and Ksm Mutual
Assuming the 90 days trading horizon Gilat Satellite Networks is expected to generate 1.5 times more return on investment than Ksm Mutual. However, Gilat Satellite is 1.5 times more volatile than Ksm Mutual Funds. It trades about -0.01 of its potential returns per unit of risk. Ksm Mutual Funds is currently generating about -0.11 per unit of risk. If you would invest 201,500 in Gilat Satellite Networks on January 19, 2024 and sell it today you would lose (3,000) from holding Gilat Satellite Networks or give up 1.49% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Gilat Satellite Networks vs. Ksm Mutual Funds
Performance |
| Timeline |
| Gilat Satellite Networks |
| Ksm Mutual Funds |
Gilat Satellite and Ksm Mutual Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Gilat Satellite and Ksm Mutual
The main advantage of trading using opposite Gilat Satellite and Ksm Mutual positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Gilat Satellite position performs unexpectedly, Ksm Mutual 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 Ksm Mutual will offset losses from the drop in Ksm Mutual's long position.| Gilat Satellite vs. Automatic Bank Services | Gilat Satellite vs. EN Shoham Business | Gilat Satellite vs. Rapac Communication Infrastructure | Gilat Satellite vs. Tadiran Hldg |
| Ksm Mutual vs. Ksm Mutual Funds | Ksm Mutual vs. Ksm Mutual Funds | Ksm Mutual vs. Ksm Mutual Funds | Ksm Mutual vs. Ksm Mutual Funds |
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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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