Correlation Between PTT Global and Four Seasons
Can any of the company-specific risk be diversified away by investing in both PTT Global and Four Seasons 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 PTT Global and Four Seasons into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between PTT Global Chemical and Four Seasons Education, you can compare the effects of market volatilities on PTT Global and Four Seasons 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 PTT Global with a short position of Four Seasons. Check out your portfolio center. Please also check ongoing floating volatility patterns of PTT Global and Four Seasons.
Diversification Opportunities for PTT Global and Four Seasons
0.13 | Correlation Coefficient |
Average diversification
The 3 months correlation between PTT and Four is 0.13. Overlapping area represents the amount of risk that can be diversified away by holding PTT Global Chemical and Four Seasons Education in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Four Seasons Education and PTT Global 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 PTT Global Chemical are associated (or correlated) with Four Seasons. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Four Seasons Education has no effect on the direction of PTT Global i.e., PTT Global and Four Seasons go up and down completely randomly.
Pair Corralation between PTT Global and Four Seasons
Assuming the 90 days horizon PTT Global Chemical is expected to under-perform the Four Seasons. In addition to that, PTT Global is 1.22 times more volatile than Four Seasons Education. It trades about -0.13 of its total potential returns per unit of risk. Four Seasons Education is currently generating about -0.03 per unit of volatility. If you would invest 1,470 in Four Seasons Education on September 4, 2025 and sell it today you would lose (135.00) from holding Four Seasons Education or give up 9.18% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
PTT Global Chemical vs. Four Seasons Education
Performance |
| Timeline |
| PTT Global Chemical |
| Four Seasons Education |
PTT Global and Four Seasons Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with PTT Global and Four Seasons
The main advantage of trading using opposite PTT Global and Four Seasons positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if PTT Global position performs unexpectedly, Four Seasons 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 Four Seasons will offset losses from the drop in Four Seasons' long position.| PTT Global vs. STMicroelectronics NV | PTT Global vs. Japan Airlines Ltd | PTT Global vs. Nok Airlines Public | PTT Global vs. United Airlines Holdings |
| Four Seasons vs. Lattice Semiconductor | Four Seasons vs. Espey Mfg Electronics | Four Seasons vs. Jaco Electronics | Four Seasons vs. Verde Clean Fuels |
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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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