Correlation Between IShares Physical and Bangkok Dusit
Can any of the company-specific risk be diversified away by investing in both IShares Physical and Bangkok Dusit 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 IShares Physical and Bangkok Dusit into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between iShares Physical Metals and Bangkok Dusit Medical, you can compare the effects of market volatilities on IShares Physical and Bangkok Dusit 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 IShares Physical with a short position of Bangkok Dusit. Check out your portfolio center. Please also check ongoing floating volatility patterns of IShares Physical and Bangkok Dusit.
Diversification Opportunities for IShares Physical and Bangkok Dusit
-0.5 | Correlation Coefficient |
Very good diversification
The 3 months correlation between IShares and Bangkok is -0.5. Overlapping area represents the amount of risk that can be diversified away by holding iShares Physical Metals and Bangkok Dusit Medical in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Bangkok Dusit Medical and IShares Physical 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 iShares Physical Metals are associated (or correlated) with Bangkok Dusit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bangkok Dusit Medical has no effect on the direction of IShares Physical i.e., IShares Physical and Bangkok Dusit go up and down completely randomly.
Pair Corralation between IShares Physical and Bangkok Dusit
Assuming the 90 days horizon iShares Physical Metals is expected to generate 1.18 times more return on investment than Bangkok Dusit. However, IShares Physical is 1.18 times more volatile than Bangkok Dusit Medical. It trades about 0.19 of its potential returns per unit of risk. Bangkok Dusit Medical is currently generating about -0.11 per unit of risk. If you would invest 6,960 in iShares Physical Metals on September 5, 2025 and sell it today you would earn a total of 1,181 from holding iShares Physical Metals or generate 16.97% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 98.44% |
| Values | Daily Returns |
iShares Physical Metals vs. Bangkok Dusit Medical
Performance |
| Timeline |
| iShares Physical Metals |
| Bangkok Dusit Medical |
IShares Physical and Bangkok Dusit Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with IShares Physical and Bangkok Dusit
The main advantage of trading using opposite IShares Physical and Bangkok Dusit positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if IShares Physical position performs unexpectedly, Bangkok Dusit 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 Bangkok Dusit will offset losses from the drop in Bangkok Dusit's long position.| IShares Physical vs. NVIDIA | IShares Physical vs. Apple Inc | IShares Physical vs. Alphabet Inc Class C | IShares Physical vs. Microsoft |
| Bangkok Dusit vs. Brookfield Office Properties | Bangkok Dusit vs. Hyatt Hotels | Bangkok Dusit vs. Chatham Lodging Trust | Bangkok Dusit vs. Airborne Wireless Network |
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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Other Complementary Tools
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges |