Correlation Between Kirr Marbach and Leland Thomson
Can any of the company-specific risk be diversified away by investing in both Kirr Marbach and Leland Thomson 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 Kirr Marbach and Leland Thomson into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Kirr Marbach Partners and Leland Thomson Reuters, you can compare the effects of market volatilities on Kirr Marbach and Leland Thomson 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 Kirr Marbach with a short position of Leland Thomson. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kirr Marbach and Leland Thomson.
Diversification Opportunities for Kirr Marbach and Leland Thomson
0.45 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Kirr and Leland is 0.45. Overlapping area represents the amount of risk that can be diversified away by holding Kirr Marbach Partners and Leland Thomson Reuters in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Leland Thomson Reuters and Kirr Marbach 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 Kirr Marbach Partners are associated (or correlated) with Leland Thomson. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Leland Thomson Reuters has no effect on the direction of Kirr Marbach i.e., Kirr Marbach and Leland Thomson go up and down completely randomly.
Pair Corralation between Kirr Marbach and Leland Thomson
Assuming the 90 days horizon Kirr Marbach Partners is expected to under-perform the Leland Thomson. But the mutual fund apears to be less risky and, when comparing its historical volatility, Kirr Marbach Partners is 1.31 times less risky than Leland Thomson. The mutual fund trades about -0.07 of its potential returns per unit of risk. The Leland Thomson Reuters is currently generating about 0.0 of returns per unit of risk over similar time horizon. If you would invest 2,835 in Leland Thomson Reuters on August 21, 2025 and sell it today you would lose (14.00) from holding Leland Thomson Reuters or give up 0.49% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Kirr Marbach Partners vs. Leland Thomson Reuters
Performance |
| Timeline |
| Kirr Marbach Partners |
| Leland Thomson Reuters |
Kirr Marbach and Leland Thomson Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Kirr Marbach and Leland Thomson
The main advantage of trading using opposite Kirr Marbach and Leland Thomson positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kirr Marbach position performs unexpectedly, Leland Thomson 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 Leland Thomson will offset losses from the drop in Leland Thomson's long position.| Kirr Marbach vs. Grandeur Peak Global | Kirr Marbach vs. Riskproreg Pfg 0 15 | Kirr Marbach vs. 13d Activist Fund | Kirr Marbach vs. Voya Emerging Markets |
| Leland Thomson vs. Paradigm Select Fund | Leland Thomson vs. Amg Timessquare Small | Leland Thomson vs. American Beacon Balanced | Leland Thomson vs. Lkcm Balanced Fund |
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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