Correlation Between East Money and V V
Specify exactly 2 symbols:
By analyzing existing cross correlation between East Money Information and V V Food, you can compare the effects of market volatilities on East Money 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 East Money with a short position of V V. Check out your portfolio center. Please also check ongoing floating volatility patterns of East Money and V V.
Diversification Opportunities for East Money and V V
0.53 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between East and 600300 is 0.53. Overlapping area represents the amount of risk that can be diversified away by holding East Money Information 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 East Money 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 East Money Information 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 East Money i.e., East Money and V V go up and down completely randomly.
Pair Corralation between East Money and V V
Assuming the 90 days trading horizon East Money Information is expected to under-perform the V V. In addition to that, East Money is 1.32 times more volatile than V V Food. It trades about -0.14 of its total potential returns per unit of risk. V V Food is currently generating about -0.09 per unit of volatility. If you would invest 320.00 in V V Food on October 23, 2024 and sell it today you would lose (15.00) from holding V V Food or give up 4.69% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
East Money Information vs. V V Food
Performance |
| Timeline |
| East Money Information |
| V V Food |
East Money and V V Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with East Money and V V
The main advantage of trading using opposite East Money and V V positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if East Money 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.| East Money vs. China State Construction | East Money vs. Poly Real Estate | East Money vs. China Vanke Co | East Money vs. China Merchants Shekou |
| V V vs. Hainan Airlines Co | V V vs. Xinjiang Sailing Information | V V vs. East Money Information | V V vs. Changjiang Publishing Media |
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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Other Complementary Tools
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges |