Correlation Between Som Distilleries and Kamat Hotels
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By analyzing existing cross correlation between Som Distilleries Breweries and Kamat Hotels Limited, you can compare the effects of market volatilities on Som Distilleries and Kamat Hotels 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 Som Distilleries with a short position of Kamat Hotels. Check out your portfolio center. Please also check ongoing floating volatility patterns of Som Distilleries and Kamat Hotels.
Diversification Opportunities for Som Distilleries and Kamat Hotels
0.69 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Som and Kamat is 0.69. Overlapping area represents the amount of risk that can be diversified away by holding Som Distilleries Breweries and Kamat Hotels Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kamat Hotels Limited and Som Distilleries 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 Som Distilleries Breweries are associated (or correlated) with Kamat Hotels. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kamat Hotels Limited has no effect on the direction of Som Distilleries i.e., Som Distilleries and Kamat Hotels go up and down completely randomly.
Pair Corralation between Som Distilleries and Kamat Hotels
Assuming the 90 days trading horizon Som Distilleries Breweries is expected to generate 0.62 times more return on investment than Kamat Hotels. However, Som Distilleries Breweries is 1.62 times less risky than Kamat Hotels. It trades about -0.16 of its potential returns per unit of risk. Kamat Hotels Limited is currently generating about -0.11 per unit of risk. If you would invest 13,900 in Som Distilleries Breweries on September 3, 2025 and sell it today you would lose (2,535) from holding Som Distilleries Breweries or give up 18.24% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 96.83% |
| Values | Daily Returns |
Som Distilleries Breweries vs. Kamat Hotels Limited
Performance |
| Timeline |
| Som Distilleries Bre |
| Kamat Hotels Limited |
Som Distilleries and Kamat Hotels Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Som Distilleries and Kamat Hotels
The main advantage of trading using opposite Som Distilleries and Kamat Hotels positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Som Distilleries position performs unexpectedly, Kamat Hotels 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 Kamat Hotels will offset losses from the drop in Kamat Hotels' long position.| Som Distilleries vs. Punjab Chemicals Crop | Som Distilleries vs. Manali Petrochemicals Limited | Som Distilleries vs. Indo Borax Chemicals | Som Distilleries vs. JB Chemicals Pharmaceuticals |
| Kamat Hotels vs. Transport of | Kamat Hotels vs. Kanoria Chemicals Industries | Kamat Hotels vs. Owais Metal and | Kamat Hotels vs. Manali Petrochemicals Limited |
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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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