Correlation Between Guilin Seamild and Longmaster Information
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By analyzing existing cross correlation between Guilin Seamild Foods and Longmaster Information Tech, you can compare the effects of market volatilities on Guilin Seamild and Longmaster Information 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 Guilin Seamild with a short position of Longmaster Information. Check out your portfolio center. Please also check ongoing floating volatility patterns of Guilin Seamild and Longmaster Information.
Diversification Opportunities for Guilin Seamild and Longmaster Information
0.49 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Guilin and Longmaster is 0.49. Overlapping area represents the amount of risk that can be diversified away by holding Guilin Seamild Foods and Longmaster Information Tech in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Longmaster Information and Guilin Seamild 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 Guilin Seamild Foods are associated (or correlated) with Longmaster Information. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Longmaster Information has no effect on the direction of Guilin Seamild i.e., Guilin Seamild and Longmaster Information go up and down completely randomly.
Pair Corralation between Guilin Seamild and Longmaster Information
Assuming the 90 days trading horizon Guilin Seamild Foods is expected to generate 1.38 times more return on investment than Longmaster Information. However, Guilin Seamild is 1.38 times more volatile than Longmaster Information Tech. It trades about 0.05 of its potential returns per unit of risk. Longmaster Information Tech is currently generating about -0.48 per unit of risk. If you would invest 1,524 in Guilin Seamild Foods on October 11, 2024 and sell it today you would earn a total of 48.00 from holding Guilin Seamild Foods or generate 3.15% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Guilin Seamild Foods vs. Longmaster Information Tech
Performance |
| Timeline |
| Guilin Seamild Foods |
| Longmaster Information |
Guilin Seamild and Longmaster Information Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Guilin Seamild and Longmaster Information
The main advantage of trading using opposite Guilin Seamild and Longmaster Information positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Guilin Seamild position performs unexpectedly, Longmaster Information 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 Longmaster Information will offset losses from the drop in Longmaster Information's long position.| Guilin Seamild vs. Beijing Kingsoft Office | Guilin Seamild vs. Fibocom Wireless | Guilin Seamild vs. Ningbo MedicalSystem Biotechnology | Guilin Seamild vs. Guangdong Marubi Biotechnology |
| Longmaster Information vs. Omnijoi Media Corp | Longmaster Information vs. Guilin Seamild Foods | Longmaster Information vs. Shuhua Sports Co | Longmaster Information vs. Great Sun Foods Co |
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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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