Correlation Between Postal Savings and Cultural Investment
Specify exactly 2 symbols:
By analyzing existing cross correlation between Postal Savings Bank and Cultural Investment Holdings, you can compare the effects of market volatilities on Postal Savings and Cultural Investment 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 Cultural Investment. Check out your portfolio center. Please also check ongoing floating volatility patterns of Postal Savings and Cultural Investment.
Diversification Opportunities for Postal Savings and Cultural Investment
0.45 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Postal and Cultural is 0.45. Overlapping area represents the amount of risk that can be diversified away by holding Postal Savings Bank and Cultural Investment Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cultural Investment 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 Cultural Investment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cultural Investment has no effect on the direction of Postal Savings i.e., Postal Savings and Cultural Investment go up and down completely randomly.
Pair Corralation between Postal Savings and Cultural Investment
Assuming the 90 days trading horizon Postal Savings Bank is expected to generate 0.54 times more return on investment than Cultural Investment. However, Postal Savings Bank is 1.84 times less risky than Cultural Investment. It trades about 0.05 of its potential returns per unit of risk. Cultural Investment Holdings is currently generating about -0.02 per unit of risk. If you would invest 528.00 in Postal Savings Bank on December 1, 2024 and sell it today you would earn a total of 4.00 from holding Postal Savings Bank or generate 0.76% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Postal Savings Bank vs. Cultural Investment Holdings
Performance |
| Timeline |
| Postal Savings Bank |
| Cultural Investment |
Postal Savings and Cultural Investment Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Postal Savings and Cultural Investment
The main advantage of trading using opposite Postal Savings and Cultural Investment positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Postal Savings position performs unexpectedly, Cultural Investment 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 Cultural Investment will offset losses from the drop in Cultural Investment's long position.| Postal Savings vs. SI TECH Information Technology | Postal Savings vs. Shanghai Rightongene Biotechnology | Postal Savings vs. Winner Information Technology | Postal Savings vs. Fujian Wanchen Biotechnology |
| Cultural Investment vs. Southern PublishingMedia Co | Cultural Investment vs. GuoChuang Software Co | Cultural Investment vs. Servyou Software Group | Cultural Investment vs. Xizi Clean Energy |
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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Other Complementary Tools
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |