Correlation Between Mattel and KSM Mutual
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By analyzing existing cross correlation between Mattel Inc and KSM Mutual Funds, you can compare the effects of market volatilities on Mattel 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 Mattel with a short position of KSM Mutual. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mattel and KSM Mutual.
Diversification Opportunities for Mattel and KSM Mutual
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Mattel and KSM is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Mattel Inc 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 Mattel 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 Mattel Inc 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 Mattel i.e., Mattel and KSM Mutual go up and down completely randomly.
Pair Corralation between Mattel and KSM Mutual
If you would invest (100.00) in KSM Mutual Funds on February 8, 2024 and sell it today you would earn a total of 100.00 from holding KSM Mutual Funds or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Mattel Inc vs. KSM Mutual Funds
Performance |
| Timeline |
| Mattel Inc |
| KSM Mutual Funds |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
OK
Mattel and KSM Mutual Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Mattel and KSM Mutual
The main advantage of trading using opposite Mattel and KSM Mutual positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mattel 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.| Mattel vs. Vista Outdoor | Mattel vs. Cedar Fair LP | Mattel vs. Six Flags Entertainment | Mattel vs. OneSpaWorld Holdings |
| 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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