Correlation Between Klegg Electronics and D MARKET
Can any of the company-specific risk be diversified away by investing in both Klegg Electronics and D MARKET 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 D MARKET into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Klegg Electronics and D MARKET Electronic Services, you can compare the effects of market volatilities on Klegg Electronics and D MARKET 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 D MARKET. Check out your portfolio center. Please also check ongoing floating volatility patterns of Klegg Electronics and D MARKET.
Diversification Opportunities for Klegg Electronics and D MARKET
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Klegg and HEPS is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Klegg Electronics and D MARKET Electronic Services in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on D MARKET Electronic 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 D MARKET. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of D MARKET Electronic has no effect on the direction of Klegg Electronics i.e., Klegg Electronics and D MARKET go up and down completely randomly.
Pair Corralation between Klegg Electronics and D MARKET
If you would invest 0.01 in Klegg Electronics on September 3, 2025 and sell it today you would earn a total of 0.00 from holding Klegg Electronics or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 98.44% |
| Values | Daily Returns |
Klegg Electronics vs. D MARKET Electronic Services
Performance |
| Timeline |
| Klegg Electronics |
| D MARKET Electronic |
Klegg Electronics and D MARKET Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Klegg Electronics and D MARKET
The main advantage of trading using opposite Klegg Electronics and D MARKET positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Klegg Electronics position performs unexpectedly, D MARKET 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 D MARKET will offset losses from the drop in D MARKET's long position.| Klegg Electronics vs. Synnex | Klegg Electronics vs. Rexel SA | Klegg Electronics vs. Arrow Electronics | Klegg Electronics vs. Ingram Micro Holding |
| D MARKET vs. Tianjin Capital Environmental | D MARKET vs. H2O Retailing | D MARKET vs. PARKSON Retail Group | D MARKET vs. Plaza Retail REIT |
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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Other Complementary Tools
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |