Correlation Between Bangkok Dusit and 00108WAF7
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By analyzing existing cross correlation between Bangkok Dusit Medical and AEP TEX INC, you can compare the effects of market volatilities on Bangkok Dusit and 00108WAF7 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 Bangkok Dusit with a short position of 00108WAF7. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bangkok Dusit and 00108WAF7.
Diversification Opportunities for Bangkok Dusit and 00108WAF7
0.16 | Correlation Coefficient |
Average diversification
The 3 months correlation between Bangkok and 00108WAF7 is 0.16. Overlapping area represents the amount of risk that can be diversified away by holding Bangkok Dusit Medical and AEP TEX INC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AEP TEX INC and Bangkok Dusit 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 Bangkok Dusit Medical are associated (or correlated) with 00108WAF7. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AEP TEX INC has no effect on the direction of Bangkok Dusit i.e., Bangkok Dusit and 00108WAF7 go up and down completely randomly.
Pair Corralation between Bangkok Dusit and 00108WAF7
Assuming the 90 days horizon Bangkok Dusit Medical is expected to under-perform the 00108WAF7. But the pink sheet apears to be less risky and, when comparing its historical volatility, Bangkok Dusit Medical is 1.36 times less risky than 00108WAF7. The pink sheet trades about -0.11 of its potential returns per unit of risk. The AEP TEX INC is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest 7,565 in AEP TEX INC on September 10, 2025 and sell it today you would earn a total of 33.00 from holding AEP TEX INC or generate 0.44% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 50.79% |
| Values | Daily Returns |
Bangkok Dusit Medical vs. AEP TEX INC
Performance |
| Timeline |
| Bangkok Dusit Medical |
| AEP TEX INC |
Bangkok Dusit and 00108WAF7 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Bangkok Dusit and 00108WAF7
The main advantage of trading using opposite Bangkok Dusit and 00108WAF7 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bangkok Dusit position performs unexpectedly, 00108WAF7 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 00108WAF7 will offset losses from the drop in 00108WAF7's long position.| Bangkok Dusit vs. Recordati Industria Chimica | Bangkok Dusit vs. M3 Inc | Bangkok Dusit vs. M3 Inc | Bangkok Dusit vs. CSPC Pharmaceutical Group |
| 00108WAF7 vs. Eagle Materials | 00108WAF7 vs. Pebblebrook Hotel Trust | 00108WAF7 vs. InterContinental Hotels Group | 00108WAF7 vs. SCI Engineered Materials |
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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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