Correlation Between V V and Keeson Technology
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By analyzing existing cross correlation between V V Food and Keeson Technology Corp, you can compare the effects of market volatilities on V V and Keeson Technology 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 Keeson Technology. Check out your portfolio center. Please also check ongoing floating volatility patterns of V V and Keeson Technology.
Diversification Opportunities for V V and Keeson Technology
0.54 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between 600300 and Keeson is 0.54. Overlapping area represents the amount of risk that can be diversified away by holding V V Food and Keeson Technology Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Keeson Technology Corp 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 Keeson Technology. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Keeson Technology Corp has no effect on the direction of V V i.e., V V and Keeson Technology go up and down completely randomly.
Pair Corralation between V V and Keeson Technology
Assuming the 90 days trading horizon V V Food is expected to generate 0.85 times more return on investment than Keeson Technology. However, V V Food is 1.18 times less risky than Keeson Technology. It trades about 0.02 of its potential returns per unit of risk. Keeson Technology Corp is currently generating about -0.19 per unit of risk. If you would invest 328.00 in V V Food on October 30, 2024 and sell it today you would earn a total of 1.00 from holding V V Food or generate 0.3% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
V V Food vs. Keeson Technology Corp
Performance |
| Timeline |
| V V Food |
| Keeson Technology Corp |
V V and Keeson Technology Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with V V and Keeson Technology
The main advantage of trading using opposite V V and Keeson Technology positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if V V position performs unexpectedly, Keeson Technology 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 Keeson Technology will offset losses from the drop in Keeson Technology's long position.| V V vs. Holitech Technology Co | V V vs. Ningbo Ligong Online | V V vs. Eyebright Medical Technology | V V vs. Thinkon Semiconductor Jinzhou |
| Keeson Technology vs. Cloud Live Technology | Keeson Technology vs. Nanjing Putian Telecommunications | Keeson Technology vs. Shenzhen Coship Electronics | Keeson Technology vs. Shenzhen Hifuture Electric |
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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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