Correlation Between MBIA and KSM Mutual
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By analyzing existing cross correlation between MBIA Inc and KSM Mutual Funds, you can compare the effects of market volatilities on MBIA 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 MBIA with a short position of KSM Mutual. Check out your portfolio center. Please also check ongoing floating volatility patterns of MBIA and KSM Mutual.
Diversification Opportunities for MBIA and KSM Mutual
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between MBIA and KSM is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding MBIA 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 MBIA 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 MBIA 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 MBIA i.e., MBIA and KSM Mutual go up and down completely randomly.
Pair Corralation between MBIA and KSM Mutual
If you would invest 469.00 in MBIA Inc on January 24, 2024 and sell it today you would earn a total of 160.00 from holding MBIA Inc or generate 34.12% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
MBIA Inc vs. KSM Mutual Funds
Performance |
| Timeline |
| MBIA Inc |
| KSM Mutual Funds |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
MBIA and KSM Mutual Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with MBIA and KSM Mutual
The main advantage of trading using opposite MBIA and KSM Mutual positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if MBIA 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.The idea behind MBIA Inc and KSM Mutual Funds pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| 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 Global Correlations module to find global opportunities by holding instruments from different markets.
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