Correlation Between Samsung Electronics and JSC Halyk
Can any of the company-specific risk be diversified away by investing in both Samsung Electronics and JSC Halyk 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 Samsung Electronics and JSC Halyk into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Samsung Electronics Co and JSC Halyk bank, you can compare the effects of market volatilities on Samsung Electronics and JSC Halyk 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 Samsung Electronics with a short position of JSC Halyk. Check out your portfolio center. Please also check ongoing floating volatility patterns of Samsung Electronics and JSC Halyk.
Diversification Opportunities for Samsung Electronics and JSC Halyk
0.74 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Samsung and JSC is 0.74. Overlapping area represents the amount of risk that can be diversified away by holding Samsung Electronics Co and JSC Halyk bank in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on JSC Halyk bank and Samsung Electronics 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 Samsung Electronics Co are associated (or correlated) with JSC Halyk. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of JSC Halyk bank has no effect on the direction of Samsung Electronics i.e., Samsung Electronics and JSC Halyk go up and down completely randomly.
Pair Corralation between Samsung Electronics and JSC Halyk
Assuming the 90 days trading horizon Samsung Electronics Co is expected to generate 0.82 times more return on investment than JSC Halyk. However, Samsung Electronics Co is 1.22 times less risky than JSC Halyk. It trades about 0.2 of its potential returns per unit of risk. JSC Halyk bank is currently generating about 0.07 per unit of risk. If you would invest 88,400 in Samsung Electronics Co on July 28, 2025 and sell it today you would earn a total of 28,200 from holding Samsung Electronics Co or generate 31.9% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Samsung Electronics Co vs. JSC Halyk bank
Performance |
| Timeline |
| Samsung Electronics |
| JSC Halyk bank |
Samsung Electronics and JSC Halyk Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Samsung Electronics and JSC Halyk
The main advantage of trading using opposite Samsung Electronics and JSC Halyk positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Samsung Electronics position performs unexpectedly, JSC Halyk 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 JSC Halyk will offset losses from the drop in JSC Halyk's long position.| Samsung Electronics vs. Rogers Communications | Samsung Electronics vs. Casio Computer CoLtd | Samsung Electronics vs. Spirent Communications plc | Samsung Electronics vs. Singapore Telecommunications Limited |
| JSC Halyk vs. TOMBADOR IRON LTD | JSC Halyk vs. AeroVironment | JSC Halyk vs. MAANSHAN IRON H | JSC Halyk vs. Canadian Utilities 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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Other Complementary Tools
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |