Correlation Between Klpierre and Sino Land
Can any of the company-specific risk be diversified away by investing in both Klpierre and Sino Land 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 Klpierre and Sino Land into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Klpierre SA and Sino Land Co, you can compare the effects of market volatilities on Klpierre and Sino Land 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 Klpierre with a short position of Sino Land. Check out your portfolio center. Please also check ongoing floating volatility patterns of Klpierre and Sino Land.
Diversification Opportunities for Klpierre and Sino Land
Very good diversification
The 3 months correlation between Klpierre and Sino is -0.37. Overlapping area represents the amount of risk that can be diversified away by holding Klpierre SA and Sino Land Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sino Land and Klpierre 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 Klpierre SA are associated (or correlated) with Sino Land. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sino Land has no effect on the direction of Klpierre i.e., Klpierre and Sino Land go up and down completely randomly.
Pair Corralation between Klpierre and Sino Land
Assuming the 90 days horizon Klpierre SA is expected to under-perform the Sino Land. But the pink sheet apears to be less risky and, when comparing its historical volatility, Klpierre SA is 2.05 times less risky than Sino Land. The pink sheet trades about -0.02 of its potential returns per unit of risk. The Sino Land Co is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 605.00 in Sino Land Co on August 14, 2025 and sell it today you would earn a total of 40.00 from holding Sino Land Co or generate 6.61% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Klpierre SA vs. Sino Land Co
Performance |
| Timeline |
| Klpierre SA |
| Sino Land |
Klpierre and Sino Land Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Klpierre and Sino Land
The main advantage of trading using opposite Klpierre and Sino Land positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Klpierre position performs unexpectedly, Sino Land 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 Sino Land will offset losses from the drop in Sino Land's long position.| Klpierre vs. Scentre Group | Klpierre vs. CapitaLand Integrated Commercial | Klpierre vs. Fastighets AB Balder | Klpierre vs. Segro Plc |
| Sino Land vs. Azrieli Group | Sino Land vs. Hongkong Land Holdings | Sino Land vs. SM Prime Holdings | Sino Land vs. China Vanke 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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