Correlation Between Cicc Fund and Industrial
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By analyzing existing cross correlation between Cicc Fund Management and Industrial and Commercial, you can compare the effects of market volatilities on Cicc Fund and Industrial 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 Industrial. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cicc Fund and Industrial.
Diversification Opportunities for Cicc Fund and Industrial
0.6 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Cicc and Industrial is 0.6. Overlapping area represents the amount of risk that can be diversified away by holding Cicc Fund Management and Industrial and Commercial in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Industrial and Commercial 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 Industrial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Industrial and Commercial has no effect on the direction of Cicc Fund i.e., Cicc Fund and Industrial go up and down completely randomly.
Pair Corralation between Cicc Fund and Industrial
Assuming the 90 days trading horizon Cicc Fund Management is expected to generate 0.57 times more return on investment than Industrial. However, Cicc Fund Management is 1.75 times less risky than Industrial. It trades about 0.1 of its potential returns per unit of risk. Industrial and Commercial is currently generating about 0.05 per unit of risk. If you would invest 224.00 in Cicc Fund Management on October 25, 2024 and sell it today you would earn a total of 22.00 from holding Cicc Fund Management or generate 9.82% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Cicc Fund Management vs. Industrial and Commercial
Performance |
| Timeline |
| Cicc Fund Management |
| Industrial and Commercial |
Cicc Fund and Industrial Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Cicc Fund and Industrial
The main advantage of trading using opposite Cicc Fund and Industrial positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cicc Fund position performs unexpectedly, Industrial 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 Industrial will offset losses from the drop in Industrial's long position.| Cicc Fund vs. Industrial and Commercial | Cicc Fund vs. Kweichow Moutai Co | Cicc Fund vs. Agricultural Bank of | Cicc Fund vs. China Mobile Limited |
| Industrial vs. Touchstone International Medical | Industrial vs. Dazhong Transportation Group | Industrial vs. Shenzhen Topway Video | Industrial vs. Allgens Medical 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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