Correlation Between Baozun and 55336VAK6
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By analyzing existing cross correlation between Baozun Inc and MPLX LP 4125, you can compare the effects of market volatilities on Baozun and 55336VAK6 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 55336VAK6. Check out your portfolio center. Please also check ongoing floating volatility patterns of Baozun and 55336VAK6.
Diversification Opportunities for Baozun and 55336VAK6
Average diversification
The 3 months correlation between Baozun and 55336VAK6 is 0.16. Overlapping area represents the amount of risk that can be diversified away by holding Baozun Inc and MPLX LP 4125 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on MPLX LP 4125 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 55336VAK6. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of MPLX LP 4125 has no effect on the direction of Baozun i.e., Baozun and 55336VAK6 go up and down completely randomly.
Pair Corralation between Baozun and 55336VAK6
Given the investment horizon of 90 days Baozun Inc is expected to generate 12.26 times more return on investment than 55336VAK6. However, Baozun is 12.26 times more volatile than MPLX LP 4125. It trades about 0.06 of its potential returns per unit of risk. MPLX LP 4125 is currently generating about -0.1 per unit of risk. If you would invest 266.00 in Baozun Inc on September 12, 2024 and sell it today you would earn a total of 11.00 from holding Baozun Inc or generate 4.14% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 95.45% |
| Values | Daily Returns |
Baozun Inc vs. MPLX LP 4125
Performance |
| Timeline |
| Baozun Inc |
| MPLX LP 4125 |
Baozun and 55336VAK6 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Baozun and 55336VAK6
The main advantage of trading using opposite Baozun and 55336VAK6 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Baozun position performs unexpectedly, 55336VAK6 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 55336VAK6 will offset losses from the drop in 55336VAK6's long position.| Baozun vs. PDD Holdings | Baozun vs. JD Inc Adr | Baozun vs. Global E Online | Baozun vs. Vipshop Holdings Limited |
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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 Transaction History module to view history of all your transactions and understand their impact on performance.
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