Correlation Between Cicc Fund and Inspur Software
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By analyzing existing cross correlation between Cicc Fund Management and Inspur Software Co, you can compare the effects of market volatilities on Cicc Fund and Inspur Software 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 Inspur Software. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cicc Fund and Inspur Software.
Diversification Opportunities for Cicc Fund and Inspur Software
-0.74 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Cicc and Inspur is -0.74. Overlapping area represents the amount of risk that can be diversified away by holding Cicc Fund Management and Inspur Software Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Inspur Software 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 Inspur Software. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Inspur Software has no effect on the direction of Cicc Fund i.e., Cicc Fund and Inspur Software go up and down completely randomly.
Pair Corralation between Cicc Fund and Inspur Software
Assuming the 90 days trading horizon Cicc Fund Management is expected to generate 0.24 times more return on investment than Inspur Software. However, Cicc Fund Management is 4.19 times less risky than Inspur Software. It trades about -0.09 of its potential returns per unit of risk. Inspur Software Co is currently generating about -0.07 per unit of risk. If you would invest 231.00 in Cicc Fund Management on September 13, 2024 and sell it today you would lose (3.00) from holding Cicc Fund Management or give up 1.3% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Cicc Fund Management vs. Inspur Software Co
Performance |
| Timeline |
| Cicc Fund Management |
| Inspur Software |
Cicc Fund and Inspur Software Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Cicc Fund and Inspur Software
The main advantage of trading using opposite Cicc Fund and Inspur Software positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cicc Fund position performs unexpectedly, Inspur Software 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 Inspur Software will offset losses from the drop in Inspur Software's long position.| Cicc Fund vs. Kweichow Moutai Co | Cicc Fund vs. Agricultural Bank of | Cicc Fund vs. China Mobile Limited | Cicc Fund vs. China Construction Bank |
| Inspur Software vs. Zhejiang Yayi Metal | Inspur Software vs. Lonkey Industrial Co | Inspur Software vs. JCHX Mining Management | Inspur Software 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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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