Correlation Between LHC and KSM Mutual
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By analyzing existing cross correlation between LHC Group and KSM Mutual Funds, you can compare the effects of market volatilities on LHC 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 LHC with a short position of KSM Mutual. Check out your portfolio center. Please also check ongoing floating volatility patterns of LHC and KSM Mutual.
Diversification Opportunities for LHC and KSM Mutual
0.12 | Correlation Coefficient |
Average diversification
The 3 months correlation between LHC and KSM is 0.12. Overlapping area represents the amount of risk that can be diversified away by holding LHC Group 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 LHC 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 LHC Group 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 LHC i.e., LHC and KSM Mutual go up and down completely randomly.
Pair Corralation between LHC and KSM Mutual
If you would invest 2,880,000 in KSM Mutual Funds on January 17, 2024 and sell it today you would earn a total of 188,000 from holding KSM Mutual Funds or generate 6.53% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 0.51% |
| Values | Daily Returns |
LHC Group vs. KSM Mutual Funds
Performance |
| Timeline |
| LHC Group |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| KSM Mutual Funds |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
LHC and KSM Mutual Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with LHC and KSM Mutual
The main advantage of trading using opposite LHC and KSM Mutual positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if LHC 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.| LHC vs. Nextplat Corp | LHC vs. Orbit Garant Drilling | LHC vs. Helmerich and Payne | LHC vs. NetSol Technologies |
| 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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