Correlation Between Bosera CMSK and Kunwu Jiuding
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By analyzing existing cross correlation between Bosera CMSK Industrial and Kunwu Jiuding Investment, you can compare the effects of market volatilities on Bosera CMSK and Kunwu Jiuding 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 Bosera CMSK with a short position of Kunwu Jiuding. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bosera CMSK and Kunwu Jiuding.
Diversification Opportunities for Bosera CMSK and Kunwu Jiuding
-0.72 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Bosera and Kunwu is -0.72. Overlapping area represents the amount of risk that can be diversified away by holding Bosera CMSK Industrial and Kunwu Jiuding Investment in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kunwu Jiuding Investment and Bosera CMSK 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 Bosera CMSK Industrial are associated (or correlated) with Kunwu Jiuding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kunwu Jiuding Investment has no effect on the direction of Bosera CMSK i.e., Bosera CMSK and Kunwu Jiuding go up and down completely randomly.
Pair Corralation between Bosera CMSK and Kunwu Jiuding
Assuming the 90 days trading horizon Bosera CMSK Industrial is expected to generate 0.25 times more return on investment than Kunwu Jiuding. However, Bosera CMSK Industrial is 3.99 times less risky than Kunwu Jiuding. It trades about 0.45 of its potential returns per unit of risk. Kunwu Jiuding Investment is currently generating about 0.01 per unit of risk. If you would invest 206.00 in Bosera CMSK Industrial on November 4, 2024 and sell it today you would earn a total of 18.00 from holding Bosera CMSK Industrial or generate 8.74% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Bosera CMSK Industrial vs. Kunwu Jiuding Investment
Performance |
| Timeline |
| Bosera CMSK Industrial |
| Kunwu Jiuding Investment |
Bosera CMSK and Kunwu Jiuding Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Bosera CMSK and Kunwu Jiuding
The main advantage of trading using opposite Bosera CMSK and Kunwu Jiuding positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bosera CMSK position performs unexpectedly, Kunwu Jiuding 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 Kunwu Jiuding will offset losses from the drop in Kunwu Jiuding's long position.| Bosera CMSK vs. Beingmate Baby Child | Bosera CMSK vs. Shenzhen Zqgame | Bosera CMSK vs. Yankershop Food Co | Bosera CMSK vs. Suzhou Weizhixiang Food |
| Kunwu Jiuding vs. Ming Yang Smart | Kunwu Jiuding vs. 159681 | Kunwu Jiuding vs. 159005 | Kunwu Jiuding vs. Loctek Ergonomic Technology |
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 Commodity Directory module to find actively traded commodities issued by global exchanges.
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