Correlation Between Sublime China and Cultural Investment
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By analyzing existing cross correlation between Sublime China Information and Cultural Investment Holdings, you can compare the effects of market volatilities on Sublime China and Cultural Investment 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 Sublime China with a short position of Cultural Investment. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sublime China and Cultural Investment.
Diversification Opportunities for Sublime China and Cultural Investment
-0.17 | Correlation Coefficient |
Good diversification
The 3 months correlation between Sublime and Cultural is -0.17. Overlapping area represents the amount of risk that can be diversified away by holding Sublime China Information and Cultural Investment Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cultural Investment and Sublime China 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 Sublime China Information are associated (or correlated) with Cultural Investment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cultural Investment has no effect on the direction of Sublime China i.e., Sublime China and Cultural Investment go up and down completely randomly.
Pair Corralation between Sublime China and Cultural Investment
Assuming the 90 days trading horizon Sublime China Information is expected to generate 3.88 times more return on investment than Cultural Investment. However, Sublime China is 3.88 times more volatile than Cultural Investment Holdings. It trades about 0.26 of its potential returns per unit of risk. Cultural Investment Holdings is currently generating about -0.13 per unit of risk. If you would invest 6,073 in Sublime China Information on November 3, 2024 and sell it today you would earn a total of 1,935 from holding Sublime China Information or generate 31.86% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Sublime China Information vs. Cultural Investment Holdings
Performance |
| Timeline |
| Sublime China Information |
| Cultural Investment |
Sublime China and Cultural Investment Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Sublime China and Cultural Investment
The main advantage of trading using opposite Sublime China and Cultural Investment positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Sublime China position performs unexpectedly, Cultural Investment 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 Cultural Investment will offset losses from the drop in Cultural Investment's long position.| Sublime China vs. Huatian Hotel Group | Sublime China vs. SSAW Hotels Resorts | Sublime China vs. Bomesc Offshore Engineering | Sublime China vs. Sharetronic Data 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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