Correlation Between H World and Keck Seng
Can any of the company-specific risk be diversified away by investing in both H World and Keck Seng 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 H World and Keck Seng into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between H World Group and Keck Seng Investments, you can compare the effects of market volatilities on H World and Keck Seng 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 H World with a short position of Keck Seng. Check out your portfolio center. Please also check ongoing floating volatility patterns of H World and Keck Seng.
Diversification Opportunities for H World and Keck Seng
Excellent diversification
The 3 months correlation between CL4A and Keck is -0.69. Overlapping area represents the amount of risk that can be diversified away by holding H World Group and Keck Seng Investments in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Keck Seng Investments and H World 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 H World Group are associated (or correlated) with Keck Seng. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Keck Seng Investments has no effect on the direction of H World i.e., H World and Keck Seng go up and down completely randomly.
Pair Corralation between H World and Keck Seng
Assuming the 90 days trading horizon H World Group is expected to generate 0.42 times more return on investment than Keck Seng. However, H World Group is 2.41 times less risky than Keck Seng. It trades about 0.1 of its potential returns per unit of risk. Keck Seng Investments is currently generating about 0.0 per unit of risk. If you would invest 2,699 in H World Group on July 20, 2025 and sell it today you would earn a total of 361.00 from holding H World Group or generate 13.38% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
H World Group vs. Keck Seng Investments
Performance |
| Timeline |
| H World Group |
| Keck Seng Investments |
H World and Keck Seng Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with H World and Keck Seng
The main advantage of trading using opposite H World and Keck Seng positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if H World position performs unexpectedly, Keck Seng 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 Keck Seng will offset losses from the drop in Keck Seng's long position.| H World vs. MGIC INVESTMENT | H World vs. Ultra Clean Holdings | H World vs. Tencent Music Entertainment | H World vs. CLEAN ENERGY FUELS |
| Keck Seng vs. Perseus Mining Limited | Keck Seng vs. Western Copper and | Keck Seng vs. MOVIE GAMES SA | Keck Seng vs. MAGNUM MINING EXP |
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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