Correlation Between Luyin Investment and Markor International
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By analyzing existing cross correlation between Luyin Investment Group and Markor International Home, you can compare the effects of market volatilities on Luyin Investment and Markor International 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 Luyin Investment with a short position of Markor International. Check out your portfolio center. Please also check ongoing floating volatility patterns of Luyin Investment and Markor International.
Diversification Opportunities for Luyin Investment and Markor International
0.93 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Luyin and Markor is 0.93. Overlapping area represents the amount of risk that can be diversified away by holding Luyin Investment Group and Markor International Home in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Markor International Home and Luyin Investment 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 Luyin Investment Group are associated (or correlated) with Markor International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Markor International Home has no effect on the direction of Luyin Investment i.e., Luyin Investment and Markor International go up and down completely randomly.
Pair Corralation between Luyin Investment and Markor International
Assuming the 90 days trading horizon Luyin Investment Group is expected to generate 0.59 times more return on investment than Markor International. However, Luyin Investment Group is 1.71 times less risky than Markor International. It trades about 0.13 of its potential returns per unit of risk. Markor International Home is currently generating about 0.04 per unit of risk. If you would invest 606.00 in Luyin Investment Group on September 5, 2024 and sell it today you would earn a total of 29.00 from holding Luyin Investment Group or generate 4.79% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Luyin Investment Group vs. Markor International Home
Performance |
| Timeline |
| Luyin Investment |
| Markor International Home |
Luyin Investment and Markor International Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Luyin Investment and Markor International
The main advantage of trading using opposite Luyin Investment and Markor International positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Luyin Investment position performs unexpectedly, Markor International 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 Markor International will offset losses from the drop in Markor International's long position.| Luyin Investment vs. Wanhua Chemical Group | Luyin Investment vs. Baoshan Iron Steel | Luyin Investment vs. Rongsheng Petrochemical Co | Luyin Investment vs. Shandong Gold Mining |
| Markor International vs. Vanfund Urban Investment | Markor International vs. Luyin Investment Group | Markor International vs. Jiangsu Yueda Investment | Markor International vs. Jointo Energy 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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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