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Correlation Between KSM MUTUAL and American Airlines

Analyzing existing cross correlation between KSM MUTUAL FUNDS L and American Airlines Group. You can compare the effects of market volatilities on KSM MUTUAL and American Airlines 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 KSM MUTUAL with a short position of American Airlines. See also your portfolio center. Please also check ongoing floating volatility patterns of KSM MUTUAL and American Airlines.
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Comparative Performance

KSM MUTUAL FUNDS  
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Risk-Adjusted Performance

Over the last 30 days KSM MUTUAL FUNDS L has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, KSM MUTUAL is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
American Airlines  
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Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in American Airlines Group are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days. Even with considerably steady technical indicators, American Airlines is not utilizing all of its potentials. The current stock price chaos, may contribute to medium term losses for the stakeholders.

KSM MUTUAL and American Airlines Volatility Contrast

KSM MUTUAL FUNDS L  vs.  American Airlines Group Inc

 Performance (%) 
    
  Timeline 

Pair Volatility

If you would invest  2,860  in American Airlines Group on January 17, 2020 and sell it today you would earn a total of  60.00  from holding American Airlines Group or generate 2.1% return on investment over 30 days.

Pair Corralation between KSM MUTUAL and American Airlines

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Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for KSM MUTUAL and American Airlines

KSM MUTUAL FUNDS L diversification synergy

Pay attention

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