Correlation Between PTT Exploration and Hugo Boss

Can any of the company-specific risk be diversified away by investing in both PTT Exploration and Hugo Boss 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 Exploration and Hugo Boss into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between PTT Exploration And and Hugo Boss AG, you can compare the effects of market volatilities on PTT Exploration and Hugo Boss 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 Exploration with a short position of Hugo Boss. Check out your portfolio center. Please also check ongoing floating volatility patterns of PTT Exploration and Hugo Boss.

Diversification Opportunities for PTT Exploration and Hugo Boss

0.86

Correlation Coefficient

PTT Exploration  Hugo Boss

Very poor diversification

The 3 months correlation between PTT and Hugo is 0.86. Overlapping area represents the amount of risk that can be diversified away by holding PTT Exploration And and Hugo Boss AG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Hugo Boss AG and PTT Exploration 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 Exploration And are associated (or correlated) with Hugo Boss. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Hugo Boss AG has no effect on the direction of PTT Exploration i.e., PTT Exploration and Hugo Boss go up and down completely randomly.

Pair Corralation between PTT Exploration and Hugo Boss

If you would invest  340.00  in PTT Exploration And on October 6, 2025 and sell it today you would earn a total of  0.00  from holding PTT Exploration And or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Strong
Accuracy	1.59%
Values	Daily Returns

PTT Exploration And  vs.  Hugo Boss AG

PTT Exploration And

Risk-Adjusted Performance

Weakest

Over the last 90 days PTT Exploration And has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable essential indicators, PTT Exploration is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Hugo Boss AG

Risk-Adjusted Performance

Weakest

Over the last 90 days Hugo Boss AG has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Stock's basic indicators remain stable and the current disturbance on Wall Street may also be a sign of long-run gains for the company stockholders.

Pair Trading with PTT Exploration and Hugo Boss

The main advantage of trading using opposite PTT Exploration and Hugo Boss positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if PTT Exploration position performs unexpectedly, Hugo Boss 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 Hugo Boss will offset losses from the drop in Hugo Boss' long position.

The idea behind PTT Exploration And and Hugo Boss AG pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.