Correlation Between Klegg Electronics and Okeanis Eco
Can any of the company-specific risk be diversified away by investing in both Klegg Electronics and Okeanis Eco 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 Klegg Electronics and Okeanis Eco into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Klegg Electronics and Okeanis Eco Tankers, you can compare the effects of market volatilities on Klegg Electronics and Okeanis Eco 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 Klegg Electronics with a short position of Okeanis Eco. Check out your portfolio center. Please also check ongoing floating volatility patterns of Klegg Electronics and Okeanis Eco.
Diversification Opportunities for Klegg Electronics and Okeanis Eco
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Klegg and Okeanis is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Klegg Electronics and Okeanis Eco Tankers in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Okeanis Eco Tankers and Klegg 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 Klegg Electronics are associated (or correlated) with Okeanis Eco. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Okeanis Eco Tankers has no effect on the direction of Klegg Electronics i.e., Klegg Electronics and Okeanis Eco go up and down completely randomly.
Pair Corralation between Klegg Electronics and Okeanis Eco
If you would invest 2,750 in Okeanis Eco Tankers on September 10, 2025 and sell it today you would earn a total of 864.00 from holding Okeanis Eco Tankers or generate 31.42% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Klegg Electronics vs. Okeanis Eco Tankers
Performance |
| Timeline |
| Klegg Electronics |
| Okeanis Eco Tankers |
Klegg Electronics and Okeanis Eco Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Klegg Electronics and Okeanis Eco
The main advantage of trading using opposite Klegg Electronics and Okeanis Eco positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Klegg Electronics position performs unexpectedly, Okeanis Eco 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 Okeanis Eco will offset losses from the drop in Okeanis Eco's long position.| Klegg Electronics vs. Jaco Electronics | Klegg Electronics vs. Speed Commerce | Klegg Electronics vs. Bit Brother Limited | Klegg Electronics vs. Face Up Entertainment |
| Okeanis Eco vs. SFL Corporation | Okeanis Eco vs. Global Ship Lease | Okeanis Eco vs. Willis Lease Finance | Okeanis Eco vs. Nordic American Tankers |
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 Global Correlations module to find global opportunities by holding instruments from different markets.
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