Correlation Between REGAL ASIAN and Singapore Telecommunicatio
Can any of the company-specific risk be diversified away by investing in both REGAL ASIAN and Singapore Telecommunicatio at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining REGAL ASIAN and Singapore Telecommunicatio into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between REGAL ASIAN INVESTMENTS and Singapore Telecommunications Limited, you can compare the effects of market volatilities on REGAL ASIAN and Singapore Telecommunicatio 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 REGAL ASIAN with a short position of Singapore Telecommunicatio. Check out your portfolio center. Please also check ongoing floating volatility patterns of REGAL ASIAN and Singapore Telecommunicatio.
Diversification Opportunities for REGAL ASIAN and Singapore Telecommunicatio
0.15 | Correlation Coefficient |
Average diversification
The 3 months correlation between REGAL and Singapore is 0.15. Overlapping area represents the amount of risk that can be diversified away by holding REGAL ASIAN INVESTMENTS and Singapore Telecommunications L in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Singapore Telecommunicatio and REGAL ASIAN 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 REGAL ASIAN INVESTMENTS are associated (or correlated) with Singapore Telecommunicatio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Singapore Telecommunicatio has no effect on the direction of REGAL ASIAN i.e., REGAL ASIAN and Singapore Telecommunicatio go up and down completely randomly.
Pair Corralation between REGAL ASIAN and Singapore Telecommunicatio
Assuming the 90 days trading horizon REGAL ASIAN is expected to generate 2.56 times less return on investment than Singapore Telecommunicatio. In addition to that, REGAL ASIAN is 1.0 times more volatile than Singapore Telecommunications Limited. It trades about 0.03 of its total potential returns per unit of risk. Singapore Telecommunications Limited is currently generating about 0.09 per unit of volatility. If you would invest 149.00 in Singapore Telecommunications Limited on September 6, 2025 and sell it today you would earn a total of 155.00 from holding Singapore Telecommunications Limited or generate 104.03% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
REGAL ASIAN INVESTMENTS vs. Singapore Telecommunications L
Performance |
| Timeline |
| REGAL ASIAN INVESTMENTS |
| Singapore Telecommunicatio |
REGAL ASIAN and Singapore Telecommunicatio Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with REGAL ASIAN and Singapore Telecommunicatio
The main advantage of trading using opposite REGAL ASIAN and Singapore Telecommunicatio positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if REGAL ASIAN position performs unexpectedly, Singapore Telecommunicatio 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 Singapore Telecommunicatio will offset losses from the drop in Singapore Telecommunicatio's long position.| REGAL ASIAN vs. Sirona Biochem Corp | REGAL ASIAN vs. KENNAMETAL INC | REGAL ASIAN vs. Western Copper and | REGAL ASIAN vs. Evolution Mining Limited |
| Singapore Telecommunicatio vs. Retail Estates NV | Singapore Telecommunicatio vs. CarsalesCom | Singapore Telecommunicatio vs. United Airlines Holdings | Singapore Telecommunicatio vs. Aegean Airlines SA |
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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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