Correlation Between Dusit Thani and Ally Leasehold

Can any of the company-specific risk be diversified away by investing in both Dusit Thani and Ally Leasehold 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 Dusit Thani and Ally Leasehold into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Dusit Thani Freehold and Ally Leasehold Real, you can compare the effects of market volatilities on Dusit Thani and Ally Leasehold 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 Dusit Thani with a short position of Ally Leasehold. Check out your portfolio center. Please also check ongoing floating volatility patterns of Dusit Thani and Ally Leasehold.

Diversification Opportunities for Dusit Thani and Ally Leasehold

0.0

Correlation Coefficient

Dusit Thani  Ally Leasehold

Pay attention - limited upside

The 3 months correlation between Dusit and Ally is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Dusit Thani Freehold and Ally Leasehold Real in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Ally Leasehold Real and Dusit Thani 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 Dusit Thani Freehold are associated (or correlated) with Ally Leasehold. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ally Leasehold Real has no effect on the direction of Dusit Thani i.e., Dusit Thani and Ally Leasehold go up and down completely randomly.

Pair Corralation between Dusit Thani and Ally Leasehold

If you would invest  0.00  in Dusit Thani Freehold on April 20, 2025 and sell it today you would earn a total of  0.00  from holding Dusit Thani Freehold or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.69%
Values	Daily Returns

Dusit Thani Freehold  vs.  Ally Leasehold Real

Dusit Thani Freehold

Risk-Adjusted Performance

Very Weak

Over the last 90 days Dusit Thani Freehold has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong fundamental drivers, Dusit Thani is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Ally Leasehold Real

Risk-Adjusted Performance

Very Weak

Over the last 90 days Ally Leasehold Real has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent forward-looking signals, Ally Leasehold is not utilizing all of its potentials. The current stock price mess, may contribute to short-term losses for the institutional investors.

Pair Trading with Dusit Thani and Ally Leasehold

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

The idea behind Dusit Thani Freehold and Ally Leasehold Real 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.