Correlation Between Indo Thai and BGC
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By analyzing existing cross correlation between Indo Thai Securities and BGC Group, you can compare the effects of market volatilities on Indo Thai and BGC 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 Indo Thai with a short position of BGC. Check out your portfolio center. Please also check ongoing floating volatility patterns of Indo Thai and BGC.
Diversification Opportunities for Indo Thai and BGC
Pay attention - limited upside
The 3 months correlation between Indo and BGC is -0.79. Overlapping area represents the amount of risk that can be diversified away by holding Indo Thai Securities and BGC Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BGC Group and Indo Thai 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 Indo Thai Securities are associated (or correlated) with BGC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BGC Group has no effect on the direction of Indo Thai i.e., Indo Thai and BGC go up and down completely randomly.
Pair Corralation between Indo Thai and BGC
Assuming the 90 days trading horizon Indo Thai Securities is expected to generate 2.01 times more return on investment than BGC. However, Indo Thai is 2.01 times more volatile than BGC Group. It trades about 0.38 of its potential returns per unit of risk. BGC Group is currently generating about -0.08 per unit of risk. If you would invest 20,849 in Indo Thai Securities on July 20, 2025 and sell it today you would earn a total of 24,111 from holding Indo Thai Securities or generate 115.65% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Indo Thai Securities vs. BGC Group
Performance |
| Timeline |
| Indo Thai Securities |
| BGC Group |
Indo Thai and BGC Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Indo Thai and BGC
The main advantage of trading using opposite Indo Thai and BGC positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Indo Thai position performs unexpectedly, BGC 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 BGC will offset losses from the drop in BGC's long position.| Indo Thai vs. GVP Infotech Limited | Indo Thai vs. Kingfa Science Technology | Indo Thai vs. Rico Auto Industries | Indo Thai vs. GACM Technologies Limited |
| BGC vs. Mitsui Chemicals ADR | BGC vs. Integrated Drilling Equipment | BGC vs. CVW CleanTech | BGC vs. ISE Chemicals |
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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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