Correlation Between Carlyle and Jupai Holdings
Can any of the company-specific risk be diversified away by investing in both Carlyle and Jupai Holdings at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Carlyle and Jupai Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Carlyle Group and Jupai Holdings Limited, you can compare the effects of market volatilities on Carlyle and Jupai Holdings 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 Carlyle with a short position of Jupai Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Carlyle and Jupai Holdings.
Diversification Opportunities for Carlyle and Jupai Holdings
-0.62 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Carlyle and Jupai is -0.62. Overlapping area represents the amount of risk that can be diversified away by holding Carlyle Group and Jupai Holdings Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jupai Holdings and Carlyle 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 Carlyle Group are associated (or correlated) with Jupai Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jupai Holdings has no effect on the direction of Carlyle i.e., Carlyle and Jupai Holdings go up and down completely randomly.
Pair Corralation between Carlyle and Jupai Holdings
If you would invest 5,057 in Carlyle Group on August 27, 2024 and sell it today you would earn a total of 308.00 from holding Carlyle Group or generate 6.09% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 4.76% |
| Values | Daily Returns |
Carlyle Group vs. Jupai Holdings Limited
Performance |
| Timeline |
| Carlyle Group |
| Jupai Holdings |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Carlyle and Jupai Holdings Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Carlyle and Jupai Holdings
The main advantage of trading using opposite Carlyle and Jupai Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Carlyle position performs unexpectedly, Jupai Holdings 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 Jupai Holdings will offset losses from the drop in Jupai Holdings' long position.| Carlyle vs. Apollo Global Management | Carlyle vs. Blackstone Group | Carlyle vs. Brookfield Asset Management | Carlyle vs. Ares Management LP |
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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Other Complementary Tools
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |