Correlation Between Easyhome New and Markor International
Specify exactly 2 symbols:
By analyzing existing cross correlation between Easyhome New Retail and Markor International Home, you can compare the effects of market volatilities on Easyhome New and Markor International 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 Markor International. Check out your portfolio center. Please also check ongoing floating volatility patterns of Easyhome New and Markor International.
Diversification Opportunities for Easyhome New and Markor International
0.94 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Easyhome and Markor is 0.94. Overlapping area represents the amount of risk that can be diversified away by holding Easyhome New Retail and Markor International Home in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Markor International Home 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 Markor International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Markor International Home has no effect on the direction of Easyhome New i.e., Easyhome New and Markor International go up and down completely randomly.
Pair Corralation between Easyhome New and Markor International
Assuming the 90 days trading horizon Easyhome New Retail is expected to generate 0.84 times more return on investment than Markor International. However, Easyhome New Retail is 1.2 times less risky than Markor International. It trades about 0.03 of its potential returns per unit of risk. Markor International Home is currently generating about 0.0 per unit of risk. If you would invest 364.00 in Easyhome New Retail on September 13, 2024 and sell it today you would earn a total of 67.00 from holding Easyhome New Retail or generate 18.41% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 99.79% |
| Values | Daily Returns |
Easyhome New Retail vs. Markor International Home
Performance |
| Timeline |
| Easyhome New Retail |
| Markor International Home |
Easyhome New and Markor International Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Easyhome New and Markor International
The main advantage of trading using opposite Easyhome New and Markor International positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Easyhome New position performs unexpectedly, Markor International 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 Markor International will offset losses from the drop in Markor International's long position.| Easyhome New vs. Ming Yang Smart | Easyhome New vs. 159681 | Easyhome New vs. 159005 | Easyhome New vs. Loctek Ergonomic Technology |
| Markor International vs. Tianjin Silvery Dragon | Markor International vs. Xinjiang Baodi Mining | Markor International vs. Shanghai Rendu Biotechnology | Markor International vs. Yili Chuanning Biotechnology |
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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Other Complementary Tools
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |