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Correlation Between Kokoh Inti and Central Proteina

Analyzing existing cross correlation between Kokoh Inti Arebama Tbk and Central Proteina Prima Tbk. You can compare the effects of market volatilities on Kokoh Inti and Central Proteina 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 Kokoh Inti with a short position of Central Proteina. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kokoh Inti and Central Proteina.
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Comparative Performance

Kokoh Inti Arebama  
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Risk-Adjusted Performance

Over the last 30 days Kokoh Inti Arebama Tbk has generated negative risk-adjusted returns adding no value to investors with long positions. Regardless of fairly consistent technical and fundamental indicators, Kokoh Inti is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders.
Central Proteina Prima  
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Risk-Adjusted Performance

Over the last 30 days Central Proteina Prima Tbk has generated negative risk-adjusted returns adding no value to investors with long positions. Regardless of fairly consistent technical and fundamental indicators, Central Proteina is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders.

Kokoh Inti and Central Proteina Volatility Contrast

 Predicted Return Density 
    
  Returns 

Kokoh Inti Arebama Tbk  vs.  Central Proteina Prima Tbk

 Performance (%) 
    
  Timeline 

Pair Volatility

If you would invest  0.00  in Central Proteina Prima Tbk on January 17, 2020 and sell it today you would earn a total of  0.00  from holding Central Proteina Prima Tbk or generate 0.0% return on investment over 30 days.

Pair Corralation between Kokoh Inti and Central Proteina

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Kokoh Inti and Central Proteina

Kokoh Inti Arebama Tbk diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Kokoh Inti Arebama Tbk and Central Proteina Prima Tbk in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Central Proteina Prima and Kokoh Inti 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 Kokoh Inti Arebama Tbk are associated (or correlated) with Central Proteina. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Central Proteina Prima has no effect on the direction of Kokoh Inti i.e. Kokoh Inti and Central Proteina go up and down completely randomly.
Check out your portfolio center. Please also try Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.