Correlation Between Kaman and V2X
Can any of the company-specific risk be diversified away by investing in both Kaman and V2X 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 Kaman and V2X into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Kaman and V2X Inc, you can compare the effects of market volatilities on Kaman and V2X 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 Kaman with a short position of V2X. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kaman and V2X.
Diversification Opportunities for Kaman and V2X
Pay attention - limited upside
The 3 months correlation between Kaman and V2X is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Kaman and V2X Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on V2X Inc and Kaman 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 Kaman are associated (or correlated) with V2X. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of V2X Inc has no effect on the direction of Kaman i.e., Kaman and V2X go up and down completely randomly.
Pair Corralation between Kaman and V2X
If you would invest (100.00) in Kaman on October 6, 2025 and sell it today you would earn a total of 100.00 from holding Kaman or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Kaman vs. V2X Inc
Performance |
| Timeline |
| Kaman |
Risk-Adjusted Performance
Weakest
Weak | Strong |
| V2X Inc |
Kaman and V2X Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Kaman and V2X
The main advantage of trading using opposite Kaman and V2X positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kaman position performs unexpectedly, V2X 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 V2X will offset losses from the drop in V2X's long position.| Kaman vs. V2X Inc | Kaman vs. Upbound Group | Kaman vs. Pursuit Attractions and | Kaman vs. Global Industrial Co |
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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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