Correlation Between Easyhome New and V V
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By analyzing existing cross correlation between Easyhome New Retail and V V Food, you can compare the effects of market volatilities on Easyhome New and V V 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 Easyhome New with a short position of V V. Check out your portfolio center. Please also check ongoing floating volatility patterns of Easyhome New and V V.
Diversification Opportunities for Easyhome New and V V
0.74 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Easyhome and 600300 is 0.74. Overlapping area represents the amount of risk that can be diversified away by holding Easyhome New Retail and V V Food in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on V V Food and Easyhome New 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 Easyhome New Retail are associated (or correlated) with V V. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of V V Food has no effect on the direction of Easyhome New i.e., Easyhome New and V V go up and down completely randomly.
Pair Corralation between Easyhome New and V V
Assuming the 90 days trading horizon Easyhome New Retail is expected to generate 1.44 times more return on investment than V V. However, Easyhome New is 1.44 times more volatile than V V Food. It trades about 0.0 of its potential returns per unit of risk. V V Food is currently generating about 0.0 per unit of risk. If you would invest 393.00 in Easyhome New Retail on October 29, 2024 and sell it today you would lose (45.00) from holding Easyhome New Retail or give up 11.45% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Easyhome New Retail vs. V V Food
Performance |
| Timeline |
| Easyhome New Retail |
| V V Food |
Easyhome New and V V Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Easyhome New and V V
The main advantage of trading using opposite Easyhome New and V V positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Easyhome New position performs unexpectedly, V V 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 V V will offset losses from the drop in V V's long position.| Easyhome New vs. Shandong Publishing Media | Easyhome New vs. Shenzhen Noposion Agrochemicals | Easyhome New vs. Southern PublishingMedia Co | Easyhome New vs. Ningxia Younglight Chemicals |
| V V vs. Xizi Clean Energy | V V vs. Cultural Investment Holdings | V V vs. Anhui Deli Household | V V vs. Jointo Energy Investment |
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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