Correlation Between V V and Inner Mongolia
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By analyzing existing cross correlation between V V Food and Inner Mongolia Furui, you can compare the effects of market volatilities on V V and Inner Mongolia 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 V V with a short position of Inner Mongolia. Check out your portfolio center. Please also check ongoing floating volatility patterns of V V and Inner Mongolia.
Diversification Opportunities for V V and Inner Mongolia
0.06 | Correlation Coefficient |
Significant diversification
The 3 months correlation between 600300 and Inner is 0.06. Overlapping area represents the amount of risk that can be diversified away by holding V V Food and Inner Mongolia Furui in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Inner Mongolia Furui and V V 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 V V Food are associated (or correlated) with Inner Mongolia. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Inner Mongolia Furui has no effect on the direction of V V i.e., V V and Inner Mongolia go up and down completely randomly.
Pair Corralation between V V and Inner Mongolia
Assuming the 90 days trading horizon V V Food is expected to generate 0.38 times more return on investment than Inner Mongolia. However, V V Food is 2.62 times less risky than Inner Mongolia. It trades about 0.06 of its potential returns per unit of risk. Inner Mongolia Furui is currently generating about -0.25 per unit of risk. If you would invest 293.00 in V V Food on August 29, 2024 and sell it today you would earn a total of 6.00 from holding V V Food or generate 2.05% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
V V Food vs. Inner Mongolia Furui
Performance |
| Timeline |
| V V Food |
| Inner Mongolia Furui |
V V and Inner Mongolia Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with V V and Inner Mongolia
The main advantage of trading using opposite V V and Inner Mongolia positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if V V position performs unexpectedly, Inner Mongolia 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 Inner Mongolia will offset losses from the drop in Inner Mongolia's long position.| V V vs. PetroChina Co Ltd | V V vs. China Mobile Limited | V V vs. Ping An Insurance | V V vs. China Petroleum Chemical |
| Inner Mongolia vs. YLZ Information Tech | Inner Mongolia vs. Hangzhou Gisway Information | Inner Mongolia vs. Jinling Hotel Corp | Inner Mongolia vs. Eastern Communications Co |
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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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