Correlation Between V V and Anji Foodstuff
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By analyzing existing cross correlation between V V Food and Anji Foodstuff Co, you can compare the effects of market volatilities on V V and Anji Foodstuff 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 Anji Foodstuff. Check out your portfolio center. Please also check ongoing floating volatility patterns of V V and Anji Foodstuff.
Diversification Opportunities for V V and Anji Foodstuff
0.88 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between 600300 and Anji is 0.88. Overlapping area represents the amount of risk that can be diversified away by holding V V Food and Anji Foodstuff Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Anji Foodstuff 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 Anji Foodstuff. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Anji Foodstuff has no effect on the direction of V V i.e., V V and Anji Foodstuff go up and down completely randomly.
Pair Corralation between V V and Anji Foodstuff
Assuming the 90 days trading horizon V V is expected to generate 1.13 times less return on investment than Anji Foodstuff. But when comparing it to its historical volatility, V V Food is 1.31 times less risky than Anji Foodstuff. It trades about 0.07 of its potential returns per unit of risk. Anji Foodstuff Co is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 600.00 in Anji Foodstuff Co on November 3, 2024 and sell it today you would earn a total of 208.00 from holding Anji Foodstuff Co or generate 34.67% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
V V Food vs. Anji Foodstuff Co
Performance |
| Timeline |
| V V Food |
| Anji Foodstuff |
V V and Anji Foodstuff Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with V V and Anji Foodstuff
The main advantage of trading using opposite V V and Anji Foodstuff positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if V V position performs unexpectedly, Anji Foodstuff 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 Anji Foodstuff will offset losses from the drop in Anji Foodstuff's long position.| V V vs. Qtone Education Group | V V vs. Advanced Technology Materials | V V vs. GRIPM Advanced Materials | V V vs. Shandong Kuntai New |
| Anji Foodstuff vs. Beijing Enlight Media | Anji Foodstuff vs. Kingclean Electric Co | Anji Foodstuff vs. Mango Excellent Media | Anji Foodstuff vs. Omnijoi Media Corp |
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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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