Correlation Between Virtu Financial, and FS KKR
Can any of the company-specific risk be diversified away by investing in both Virtu Financial, and FS KKR 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 Virtu Financial, and FS KKR into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Virtu Financial, and FS KKR Capital, you can compare the effects of market volatilities on Virtu Financial, and FS KKR 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 Virtu Financial, with a short position of FS KKR. Check out your portfolio center. Please also check ongoing floating volatility patterns of Virtu Financial, and FS KKR.
Diversification Opportunities for Virtu Financial, and FS KKR
0.86 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Virtu and FSK is 0.86. Overlapping area represents the amount of risk that can be diversified away by holding Virtu Financial, and FS KKR Capital in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on FS KKR Capital and Virtu Financial, 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 Virtu Financial, are associated (or correlated) with FS KKR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FS KKR Capital has no effect on the direction of Virtu Financial, i.e., Virtu Financial, and FS KKR go up and down completely randomly.
Pair Corralation between Virtu Financial, and FS KKR
Given the investment horizon of 90 days Virtu Financial, is expected to generate 0.82 times more return on investment than FS KKR. However, Virtu Financial, is 1.21 times less risky than FS KKR. It trades about -0.28 of its potential returns per unit of risk. FS KKR Capital is currently generating about -0.31 per unit of risk. If you would invest 4,327 in Virtu Financial, on July 21, 2025 and sell it today you would lose (1,004) from holding Virtu Financial, or give up 23.2% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Virtu Financial, vs. FS KKR Capital
Performance |
| Timeline |
| Virtu Financial, |
| FS KKR Capital |
Virtu Financial, and FS KKR Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Virtu Financial, and FS KKR
The main advantage of trading using opposite Virtu Financial, and FS KKR positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Virtu Financial, position performs unexpectedly, FS KKR 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 FS KKR will offset losses from the drop in FS KKR's long position.| Virtu Financial, vs. Raymond James Financial | Virtu Financial, vs. Stonex Group | Virtu Financial, vs. Moelis Co | Virtu Financial, vs. Lazard |
| FS KKR vs. BlackRock TCP Capital | FS KKR vs. Triplepoint Venture Growth | FS KKR vs. Sixth Street Specialty | FS KKR vs. Golub Capital BDC |
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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Other Complementary Tools
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| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
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