Correlation Between Kimball Electronics and StubHub Holdings,
Can any of the company-specific risk be diversified away by investing in both Kimball Electronics and StubHub Holdings, 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 Kimball Electronics and StubHub Holdings, into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Kimball Electronics and StubHub Holdings,, you can compare the effects of market volatilities on Kimball Electronics and StubHub Holdings, 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 Kimball Electronics with a short position of StubHub Holdings,. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kimball Electronics and StubHub Holdings,.
Diversification Opportunities for Kimball Electronics and StubHub Holdings,
0.26 | Correlation Coefficient |
Modest diversification
The 3 months correlation between Kimball and StubHub is 0.26. Overlapping area represents the amount of risk that can be diversified away by holding Kimball Electronics and StubHub Holdings, in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on StubHub Holdings, and Kimball Electronics 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 Kimball Electronics are associated (or correlated) with StubHub Holdings,. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of StubHub Holdings, has no effect on the direction of Kimball Electronics i.e., Kimball Electronics and StubHub Holdings, go up and down completely randomly.
Pair Corralation between Kimball Electronics and StubHub Holdings,
Allowing for the 90-day total investment horizon Kimball Electronics is expected to generate 0.41 times more return on investment than StubHub Holdings,. However, Kimball Electronics is 2.44 times less risky than StubHub Holdings,. It trades about -0.02 of its potential returns per unit of risk. StubHub Holdings, is currently generating about -0.16 per unit of risk. If you would invest 3,052 in Kimball Electronics on September 6, 2025 and sell it today you would lose (132.00) from holding Kimball Electronics or give up 4.33% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 90.48% |
| Values | Daily Returns |
Kimball Electronics vs. StubHub Holdings,
Performance |
| Timeline |
| Kimball Electronics |
| StubHub Holdings, |
Kimball Electronics and StubHub Holdings, Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Kimball Electronics and StubHub Holdings,
The main advantage of trading using opposite Kimball Electronics and StubHub Holdings, positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kimball Electronics position performs unexpectedly, StubHub Holdings, 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 StubHub Holdings, will offset losses from the drop in StubHub Holdings,'s long position.| Kimball Electronics vs. Unity Software | Kimball Electronics vs. SoftwareONE Holding AG | Kimball Electronics vs. Corsair Gaming | Kimball Electronics vs. Cognyte Software |
| StubHub Holdings, vs. Mineral Mountain Mining | StubHub Holdings, vs. Rogers Communications | StubHub Holdings, vs. NorthPoint Communications Group | StubHub Holdings, vs. RTG Mining |
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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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