Correlation Between DBS Group and JSC Halyk
Can any of the company-specific risk be diversified away by investing in both DBS Group and JSC Halyk 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 DBS Group and JSC Halyk into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between DBS Group Holdings and JSC Halyk bank, you can compare the effects of market volatilities on DBS Group and JSC Halyk 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 DBS Group with a short position of JSC Halyk. Check out your portfolio center. Please also check ongoing floating volatility patterns of DBS Group and JSC Halyk.
Diversification Opportunities for DBS Group and JSC Halyk
Very poor diversification
The 3 months correlation between DBS and JSC is 0.8. Overlapping area represents the amount of risk that can be diversified away by holding DBS Group Holdings and JSC Halyk bank in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on JSC Halyk bank and DBS Group 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 DBS Group Holdings are associated (or correlated) with JSC Halyk. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of JSC Halyk bank has no effect on the direction of DBS Group i.e., DBS Group and JSC Halyk go up and down completely randomly.
Pair Corralation between DBS Group and JSC Halyk
Assuming the 90 days trading horizon DBS Group is expected to generate 1.57 times less return on investment than JSC Halyk. But when comparing it to its historical volatility, DBS Group Holdings is 1.91 times less risky than JSC Halyk. It trades about 0.14 of its potential returns per unit of risk. JSC Halyk bank is currently generating about 0.11 of returns per unit of risk over similar time horizon. If you would invest 1,979 in JSC Halyk bank on July 19, 2025 and sell it today you would earn a total of 361.00 from holding JSC Halyk bank or generate 18.24% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
DBS Group Holdings vs. JSC Halyk bank
Performance |
| Timeline |
| DBS Group Holdings |
| JSC Halyk bank |
DBS Group and JSC Halyk Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with DBS Group and JSC Halyk
The main advantage of trading using opposite DBS Group and JSC Halyk positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if DBS Group position performs unexpectedly, JSC Halyk 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 JSC Halyk will offset losses from the drop in JSC Halyk's long position.| DBS Group vs. QUBICGAMES SA ZY | DBS Group vs. CONTAGIOUS GAMING INC | DBS Group vs. Boyd Gaming | DBS Group vs. FRACTAL GAMING GROUP |
| JSC Halyk vs. Harmony Gold Mining | JSC Halyk vs. Magnachip Semiconductor | JSC Halyk vs. Western Copper and | JSC Halyk vs. ARDAGH METAL PACDL 0001 |
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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Other Complementary Tools
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios |