Correlation Between Cicc Fund and Lushang Property
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By analyzing existing cross correlation between Cicc Fund Management and Lushang Property Co, you can compare the effects of market volatilities on Cicc Fund and Lushang Property 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 Cicc Fund with a short position of Lushang Property. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cicc Fund and Lushang Property.
Diversification Opportunities for Cicc Fund and Lushang Property
-0.03 | Correlation Coefficient |
Good diversification
The 3 months correlation between Cicc and Lushang is -0.03. Overlapping area represents the amount of risk that can be diversified away by holding Cicc Fund Management and Lushang Property Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Lushang Property and Cicc Fund 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 Cicc Fund Management are associated (or correlated) with Lushang Property. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Lushang Property has no effect on the direction of Cicc Fund i.e., Cicc Fund and Lushang Property go up and down completely randomly.
Pair Corralation between Cicc Fund and Lushang Property
Assuming the 90 days trading horizon Cicc Fund Management is expected to generate 0.27 times more return on investment than Lushang Property. However, Cicc Fund Management is 3.75 times less risky than Lushang Property. It trades about 0.27 of its potential returns per unit of risk. Lushang Property Co is currently generating about 0.03 per unit of risk. If you would invest 223.00 in Cicc Fund Management on October 26, 2024 and sell it today you would earn a total of 23.00 from holding Cicc Fund Management or generate 10.31% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 97.73% |
| Values | Daily Returns |
Cicc Fund Management vs. Lushang Property Co
Performance |
| Timeline |
| Cicc Fund Management |
| Lushang Property |
Cicc Fund and Lushang Property Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Cicc Fund and Lushang Property
The main advantage of trading using opposite Cicc Fund and Lushang Property positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cicc Fund position performs unexpectedly, Lushang Property 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 Lushang Property will offset losses from the drop in Lushang Property's long position.| Cicc Fund vs. Olympic Circuit Technology | Cicc Fund vs. Linewell Software Co | Cicc Fund vs. XinJiang GuoTong Pipeline | Cicc Fund vs. Maxvision Technology Corp |
| Lushang Property vs. AVIC Fund Management | Lushang Property vs. Harvest Fund Management | Lushang Property vs. Jiujiang Shanshui Technology | Lushang Property vs. Cicc Fund Management |
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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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