Correlation Between Cicc Fund and Duzhe Publishing
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By analyzing existing cross correlation between Cicc Fund Management and Duzhe Publishing Media, you can compare the effects of market volatilities on Cicc Fund and Duzhe Publishing 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 Duzhe Publishing. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cicc Fund and Duzhe Publishing.
Diversification Opportunities for Cicc Fund and Duzhe Publishing
-0.37 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Cicc and Duzhe is -0.37. Overlapping area represents the amount of risk that can be diversified away by holding Cicc Fund Management and Duzhe Publishing Media in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Duzhe Publishing Media 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 Duzhe Publishing. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Duzhe Publishing Media has no effect on the direction of Cicc Fund i.e., Cicc Fund and Duzhe Publishing go up and down completely randomly.
Pair Corralation between Cicc Fund and Duzhe Publishing
Assuming the 90 days trading horizon Cicc Fund Management is expected to generate 0.39 times more return on investment than Duzhe Publishing. However, Cicc Fund Management is 2.57 times less risky than Duzhe Publishing. It trades about 0.37 of its potential returns per unit of risk. Duzhe Publishing Media is currently generating about -0.1 per unit of risk. If you would invest 227.00 in Cicc Fund Management on October 24, 2024 and sell it today you would earn a total of 18.00 from holding Cicc Fund Management or generate 7.93% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Cicc Fund Management vs. Duzhe Publishing Media
Performance |
| Timeline |
| Cicc Fund Management |
| Duzhe Publishing Media |
Cicc Fund and Duzhe Publishing Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Cicc Fund and Duzhe Publishing
The main advantage of trading using opposite Cicc Fund and Duzhe Publishing positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cicc Fund position performs unexpectedly, Duzhe Publishing 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 Duzhe Publishing will offset losses from the drop in Duzhe Publishing's long position.| Cicc Fund vs. Xinjiang Sailing Information | Cicc Fund vs. Guangzhou Ruoyuchen Information | Cicc Fund vs. State Grid InformationCommunication | Cicc Fund vs. Anji Foodstuff Co |
| Duzhe Publishing vs. Shandong Publishing Media | Duzhe Publishing vs. Harvest Fund Management | Duzhe Publishing vs. Cicc Fund Management | Duzhe Publishing vs. Nanjing Putian Telecommunications |
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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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