Correlation Between Postal Savings and Dongrui Food
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By analyzing existing cross correlation between Postal Savings Bank and Dongrui Food Group, you can compare the effects of market volatilities on Postal Savings and Dongrui Food 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 Postal Savings with a short position of Dongrui Food. Check out your portfolio center. Please also check ongoing floating volatility patterns of Postal Savings and Dongrui Food.
Diversification Opportunities for Postal Savings and Dongrui Food
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Postal and Dongrui is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Postal Savings Bank and Dongrui Food Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dongrui Food Group and Postal Savings 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 Postal Savings Bank are associated (or correlated) with Dongrui Food. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dongrui Food Group has no effect on the direction of Postal Savings i.e., Postal Savings and Dongrui Food go up and down completely randomly.
Pair Corralation between Postal Savings and Dongrui Food
Assuming the 90 days trading horizon Postal Savings Bank is expected to generate 1.04 times more return on investment than Dongrui Food. However, Postal Savings is 1.04 times more volatile than Dongrui Food Group. It trades about 0.07 of its potential returns per unit of risk. Dongrui Food Group is currently generating about -0.14 per unit of risk. If you would invest 534.00 in Postal Savings Bank on November 4, 2024 and sell it today you would earn a total of 7.00 from holding Postal Savings Bank or generate 1.31% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Postal Savings Bank vs. Dongrui Food Group
Performance |
| Timeline |
| Postal Savings Bank |
| Dongrui Food Group |
Postal Savings and Dongrui Food Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Postal Savings and Dongrui Food
The main advantage of trading using opposite Postal Savings and Dongrui Food positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Postal Savings position performs unexpectedly, Dongrui Food 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 Dongrui Food will offset losses from the drop in Dongrui Food's long position.| Postal Savings vs. Hangzhou Pinming Software | Postal Savings vs. Luyin Investment Group | Postal Savings vs. Nuode Investment Co | Postal Savings vs. China Asset Management |
| Dongrui Food vs. Shenzhen AV Display Co | Dongrui Food vs. Sportsoul Co Ltd | Dongrui Food vs. China Life Insurance | Dongrui Food vs. Jinhui Mining 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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