Correlation Between V V and Shenzhen
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By analyzing existing cross correlation between V V Food and Shenzhen AV Display Co, you can compare the effects of market volatilities on V V and Shenzhen 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 Shenzhen. Check out your portfolio center. Please also check ongoing floating volatility patterns of V V and Shenzhen.
Diversification Opportunities for V V and Shenzhen
Very poor diversification
The 3 months correlation between 600300 and Shenzhen is 0.88. Overlapping area represents the amount of risk that can be diversified away by holding V V Food and Shenzhen AV Display Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Shenzhen AV Display 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 Shenzhen. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Shenzhen AV Display has no effect on the direction of V V i.e., V V and Shenzhen go up and down completely randomly.
Pair Corralation between V V and Shenzhen
Assuming the 90 days trading horizon V V is expected to generate 1.39 times less return on investment than Shenzhen. But when comparing it to its historical volatility, V V Food is 1.88 times less risky than Shenzhen. It trades about 0.01 of its potential returns per unit of risk. Shenzhen AV Display Co is currently generating about 0.01 of returns per unit of risk over similar time horizon. If you would invest 3,790 in Shenzhen AV Display Co on September 4, 2024 and sell it today you would lose (275.00) from holding Shenzhen AV Display Co or give up 7.26% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
V V Food vs. Shenzhen AV Display Co
Performance |
| Timeline |
| V V Food |
| Shenzhen AV Display |
V V and Shenzhen Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with V V and Shenzhen
The main advantage of trading using opposite V V and Shenzhen positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if V V position performs unexpectedly, Shenzhen 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 Shenzhen will offset losses from the drop in Shenzhen's long position.| V V vs. Vanfund Urban Investment | V V vs. Jiujiang Shanshui Technology | V V vs. Hunan Investment Group | V V vs. Kunwu Jiuding Investment |
| Shenzhen vs. V V Food | Shenzhen vs. Xiangyang Automobile Bearing | Shenzhen vs. Sichuan Teway Food | Shenzhen vs. Zhengzhou Qianweiyangchu Food |
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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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