Correlation Between BTG Hotels and Vanfund Urban
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By analyzing existing cross correlation between BTG Hotels Group and Vanfund Urban Investment, you can compare the effects of market volatilities on BTG Hotels and Vanfund Urban 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 BTG Hotels with a short position of Vanfund Urban. Check out your portfolio center. Please also check ongoing floating volatility patterns of BTG Hotels and Vanfund Urban.
Diversification Opportunities for BTG Hotels and Vanfund Urban
0.58 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between BTG and Vanfund is 0.58. Overlapping area represents the amount of risk that can be diversified away by holding BTG Hotels Group and Vanfund Urban Investment in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Vanfund Urban Investment and BTG Hotels 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 BTG Hotels Group are associated (or correlated) with Vanfund Urban. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vanfund Urban Investment has no effect on the direction of BTG Hotels i.e., BTG Hotels and Vanfund Urban go up and down completely randomly.
Pair Corralation between BTG Hotels and Vanfund Urban
Assuming the 90 days trading horizon BTG Hotels Group is expected to generate 0.47 times more return on investment than Vanfund Urban. However, BTG Hotels Group is 2.14 times less risky than Vanfund Urban. It trades about 0.1 of its potential returns per unit of risk. Vanfund Urban Investment is currently generating about 0.02 per unit of risk. If you would invest 1,294 in BTG Hotels Group on December 1, 2024 and sell it today you would earn a total of 25.00 from holding BTG Hotels Group or generate 1.93% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
BTG Hotels Group vs. Vanfund Urban Investment
Performance |
| Timeline |
| BTG Hotels Group |
| Vanfund Urban Investment |
BTG Hotels and Vanfund Urban Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BTG Hotels and Vanfund Urban
The main advantage of trading using opposite BTG Hotels and Vanfund Urban positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BTG Hotels position performs unexpectedly, Vanfund Urban 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 Vanfund Urban will offset losses from the drop in Vanfund Urban's long position.| BTG Hotels vs. Pengxin International Mining | BTG Hotels vs. Quectel Wireless Solutions | BTG Hotels vs. Shandong Longquan Pipeline | BTG Hotels vs. Jiahe Foods Industry |
| Vanfund Urban vs. Ziel Home Furnishing | Vanfund Urban vs. Jointo Energy Investment | Vanfund Urban vs. Harbin Hatou Investment | Vanfund Urban vs. Zhejiang Construction Investment |
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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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