Correlation Between KT and Anterix
Can any of the company-specific risk be diversified away by investing in both KT and Anterix 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 KT and Anterix into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between KT Corporation and Anterix, you can compare the effects of market volatilities on KT and Anterix 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 KT with a short position of Anterix. Check out your portfolio center. Please also check ongoing floating volatility patterns of KT and Anterix.
Diversification Opportunities for KT and Anterix
Pay attention - limited upside
The 3 months correlation between KT and Anterix is -0.8. Overlapping area represents the amount of risk that can be diversified away by holding KT Corp. and Anterix in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Anterix and KT 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 KT Corporation are associated (or correlated) with Anterix. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Anterix has no effect on the direction of KT i.e., KT and Anterix go up and down completely randomly.
Pair Corralation between KT and Anterix
Allowing for the 90-day total investment horizon KT Corporation is expected to generate 0.65 times more return on investment than Anterix. However, KT Corporation is 1.54 times less risky than Anterix. It trades about 0.16 of its potential returns per unit of risk. Anterix is currently generating about -0.24 per unit of risk. If you would invest 1,771 in KT Corporation on March 30, 2025 and sell it today you would earn a total of 259.00 from holding KT Corporation or generate 14.62% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
KT Corp. vs. Anterix
Performance |
| Timeline |
| KT Corporation |
| Anterix |
KT and Anterix Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with KT and Anterix
The main advantage of trading using opposite KT and Anterix positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if KT position performs unexpectedly, Anterix 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 Anterix will offset losses from the drop in Anterix's long position.| KT vs. First Watch Restaurant | KT vs. Fresh Del Monte | KT vs. Aegean Airlines SA | KT vs. Marathon Digital Holdings |
| Anterix vs. Shenandoah Telecommunications Co | Anterix vs. Liberty Broadband Corp | Anterix vs. Ooma Inc | Anterix vs. IDT Corporation |
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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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