Correlation Between China Securities and Youyou Foods Co
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By analyzing existing cross correlation between China Securities 800 and Youyou Foods Co, you can compare the effects of market volatilities on China Securities and Youyou Foods Co 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 China Securities with a short position of Youyou Foods Co. Check out your portfolio center. Please also check ongoing floating volatility patterns of China Securities and Youyou Foods Co.
Diversification Opportunities for China Securities and Youyou Foods Co
-0.57 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between China and Youyou is -0.57. Overlapping area represents the amount of risk that can be diversified away by holding China Securities 800 and Youyou Foods Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Youyou Foods Co and China Securities 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 China Securities 800 are associated (or correlated) with Youyou Foods Co. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Youyou Foods Co has no effect on the direction of China Securities i.e., China Securities and Youyou Foods Co go up and down completely randomly.
Pair Corralation between China Securities and Youyou Foods Co
Assuming the 90 days trading horizon China Securities 800 is expected to under-perform the Youyou Foods Co. But the index apears to be less risky and, when comparing its historical volatility, China Securities 800 is 2.2 times less risky than Youyou Foods Co. The index trades about -0.01 of its potential returns per unit of risk. The Youyou Foods Co is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest 930.00 in Youyou Foods Co on January 26, 2025 and sell it today you would earn a total of 420.00 from holding Youyou Foods Co or generate 45.16% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
China Securities 800 vs. Youyou Foods Co
Performance |
| Timeline |
China Securities and Youyou Foods Co Volatility Contrast
Predicted Return Density |
| Returns |
China Securities 800
Pair trading matchups for China Securities
Youyou Foods Co
Pair trading matchups for Youyou Foods Co
Pair Trading with China Securities and Youyou Foods Co
The main advantage of trading using opposite China Securities and Youyou Foods Co positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if China Securities position performs unexpectedly, Youyou Foods Co 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 Youyou Foods Co will offset losses from the drop in Youyou Foods Co's long position.| China Securities vs. Chengtun Mining Group | China Securities vs. China National Software | China Securities vs. Guangzhou Haozhi Industrial | China Securities vs. China Minmetals Rare |
| Youyou Foods Co vs. Anhui Huilong Agricultural | Youyou Foods Co vs. Zhejiang Yinlun Machinery | Youyou Foods Co vs. Shenzhen Shenbao Industrial | Youyou Foods Co vs. Gemac Engineering Machinery |
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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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