Correlation Between CMS Info and KAR Auction
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By analyzing existing cross correlation between CMS Info Systems and KAR Auction Services, you can compare the effects of market volatilities on CMS Info and KAR Auction 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 CMS Info with a short position of KAR Auction. Check out your portfolio center. Please also check ongoing floating volatility patterns of CMS Info and KAR Auction.
Diversification Opportunities for CMS Info and KAR Auction
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between CMS and KAR is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding CMS Info Systems and KAR Auction Services in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KAR Auction Services and CMS Info 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 CMS Info Systems are associated (or correlated) with KAR Auction. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KAR Auction Services has no effect on the direction of CMS Info i.e., CMS Info and KAR Auction go up and down completely randomly.
Pair Corralation between CMS Info and KAR Auction
If you would invest 2,508 in KAR Auction Services on July 20, 2025 and sell it today you would earn a total of 107.00 from holding KAR Auction Services or generate 4.27% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 1.54% |
| Values | Daily Returns |
CMS Info Systems vs. KAR Auction Services
Performance |
| Timeline |
| CMS Info Systems |
Risk-Adjusted Performance
Weakest
Weak | Strong |
| KAR Auction Services |
CMS Info and KAR Auction Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CMS Info and KAR Auction
The main advantage of trading using opposite CMS Info and KAR Auction positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CMS Info position performs unexpectedly, KAR Auction 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 KAR Auction will offset losses from the drop in KAR Auction's long position.| CMS Info vs. California Software | CMS Info vs. Shyam Metalics and | CMS Info vs. Total Transport Systems | CMS Info vs. Rajnandini Metal Limited |
| KAR Auction vs. Sonic Automotive | KAR Auction vs. Driven Brands Holdings | KAR Auction vs. CarGurus | KAR Auction vs. Greif Bros |
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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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