Correlation Between Baozun and AMFAHI
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By analyzing existing cross correlation between Baozun Inc and AMFAHI 3833 11 MAR 51, you can compare the effects of market volatilities on Baozun and AMFAHI 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 Baozun with a short position of AMFAHI. Check out your portfolio center. Please also check ongoing floating volatility patterns of Baozun and AMFAHI.
Diversification Opportunities for Baozun and AMFAHI
Good diversification
The 3 months correlation between Baozun and AMFAHI is -0.1. Overlapping area represents the amount of risk that can be diversified away by holding Baozun Inc and AMFAHI 3833 11 MAR 51 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AMFAHI 3833 11 and Baozun 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 Baozun Inc are associated (or correlated) with AMFAHI. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AMFAHI 3833 11 has no effect on the direction of Baozun i.e., Baozun and AMFAHI go up and down completely randomly.
Pair Corralation between Baozun and AMFAHI
Given the investment horizon of 90 days Baozun Inc is expected to generate 2.6 times more return on investment than AMFAHI. However, Baozun is 2.6 times more volatile than AMFAHI 3833 11 MAR 51. It trades about 0.03 of its potential returns per unit of risk. AMFAHI 3833 11 MAR 51 is currently generating about 0.07 per unit of risk. If you would invest 246.00 in Baozun Inc on September 5, 2024 and sell it today you would earn a total of 17.00 from holding Baozun Inc or generate 6.91% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 29.6% |
| Values | Daily Returns |
Baozun Inc vs. AMFAHI 3833 11 MAR 51
Performance |
| Timeline |
| Baozun Inc |
| AMFAHI 3833 11 |
Baozun and AMFAHI Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Baozun and AMFAHI
The main advantage of trading using opposite Baozun and AMFAHI positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Baozun position performs unexpectedly, AMFAHI 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 AMFAHI will offset losses from the drop in AMFAHI's long position.| Baozun vs. PDD Holdings | Baozun vs. JD Inc Adr | Baozun vs. Global E Online | Baozun vs. Vipshop Holdings Limited |
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.
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