Correlation Between Kaltura and InTest
Can any of the company-specific risk be diversified away by investing in both Kaltura and InTest 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 Kaltura and InTest into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Kaltura and inTest, you can compare the effects of market volatilities on Kaltura and InTest 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 Kaltura with a short position of InTest. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kaltura and InTest.
Diversification Opportunities for Kaltura and InTest
Excellent diversification
The 3 months correlation between Kaltura and InTest is -0.67. Overlapping area represents the amount of risk that can be diversified away by holding Kaltura and inTest in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on inTest and Kaltura 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 Kaltura are associated (or correlated) with InTest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of inTest has no effect on the direction of Kaltura i.e., Kaltura and InTest go up and down completely randomly.
Pair Corralation between Kaltura and InTest
Given the investment horizon of 90 days Kaltura is expected to under-perform the InTest. But the stock apears to be less risky and, when comparing its historical volatility, Kaltura is 1.43 times less risky than InTest. The stock trades about -0.05 of its potential returns per unit of risk. The inTest is currently generating about 0.1 of returns per unit of risk over similar time horizon. If you would invest 634.00 in inTest on April 24, 2025 and sell it today you would earn a total of 125.00 from holding inTest or generate 19.72% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Kaltura vs. inTest
Performance |
| Timeline |
| Kaltura |
| inTest |
Kaltura and InTest Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Kaltura and InTest
The main advantage of trading using opposite Kaltura and InTest positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kaltura position performs unexpectedly, InTest 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 InTest will offset losses from the drop in InTest's long position.| Kaltura vs. Antilia Group Corp | Kaltura vs. CXApp Inc | Kaltura vs. I On Digital Corp | Kaltura vs. Red Branch Technologies |
| InTest vs. Axcelis Technologies | InTest vs. Lam Research Corp | InTest vs. Photronics | InTest vs. indie Semiconductor |
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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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