Correlation Between Cicc Fund and Cultural Investment
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By analyzing existing cross correlation between Cicc Fund Management and Cultural Investment Holdings, you can compare the effects of market volatilities on Cicc Fund 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 Cicc Fund with a short position of Cultural Investment. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cicc Fund and Cultural Investment.
Diversification Opportunities for Cicc Fund and Cultural Investment
-0.52 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Cicc and Cultural is -0.52. Overlapping area represents the amount of risk that can be diversified away by holding Cicc Fund Management and Cultural Investment Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cultural Investment 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 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 Cicc Fund i.e., Cicc Fund and Cultural Investment go up and down completely randomly.
Pair Corralation between Cicc Fund and Cultural Investment
Assuming the 90 days trading horizon Cicc Fund is expected to generate 2.95 times less return on investment than Cultural Investment. But when comparing it to its historical volatility, Cicc Fund Management is 3.37 times less risky than Cultural Investment. It trades about 0.01 of its potential returns per unit of risk. Cultural Investment Holdings is currently generating about 0.01 of returns per unit of risk over similar time horizon. If you would invest 235.00 in Cultural Investment Holdings on October 27, 2024 and sell it today you would lose (30.00) from holding Cultural Investment Holdings or give up 12.77% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 78.63% |
| Values | Daily Returns |
Cicc Fund Management vs. Cultural Investment Holdings
Performance |
| Timeline |
| Cicc Fund Management |
| Cultural Investment |
Cicc Fund and Cultural Investment Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Cicc Fund and Cultural Investment
The main advantage of trading using opposite Cicc Fund and Cultural Investment positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cicc Fund 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.| Cicc Fund vs. Nanjing Putian Telecommunications | Cicc Fund vs. Zhejiang JIULI Hi tech | Cicc Fund vs. Hubei Xingfa Chemicals | Cicc Fund vs. Do Fluoride Chemicals Co |
| Cultural Investment vs. Kuang Chi Technologies | Cultural Investment vs. Jilin Jlu Communication | Cultural Investment vs. Jinhui Liquor Co | Cultural Investment vs. Vats Liquor Chain |
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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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