Correlation Between Dupont De and CICC Fund
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By analyzing existing cross correlation between Dupont De Nemours and CICC Fund Management, you can compare the effects of market volatilities on Dupont De and CICC Fund 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 Dupont De with a short position of CICC Fund. Check out your portfolio center. Please also check ongoing floating volatility patterns of Dupont De and CICC Fund.
Diversification Opportunities for Dupont De and CICC Fund
Very good diversification
The 3 months correlation between Dupont and CICC is -0.27. Overlapping area represents the amount of risk that can be diversified away by holding Dupont De Nemours and CICC Fund Management in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CICC Fund Management and Dupont De 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 Dupont De Nemours are associated (or correlated) with CICC Fund. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CICC Fund Management has no effect on the direction of Dupont De i.e., Dupont De and CICC Fund go up and down completely randomly.
Pair Corralation between Dupont De and CICC Fund
Allowing for the 90-day total investment horizon Dupont De Nemours is expected to generate 1.99 times more return on investment than CICC Fund. However, Dupont De is 1.99 times more volatile than CICC Fund Management. It trades about 0.03 of its potential returns per unit of risk. CICC Fund Management is currently generating about 0.02 per unit of risk. If you would invest 6,802 in Dupont De Nemours on August 25, 2024 and sell it today you would earn a total of 1,530 from holding Dupont De Nemours or generate 22.49% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 96.18% |
| Values | Daily Returns |
Dupont De Nemours vs. CICC Fund Management
Performance |
| Timeline |
| Dupont De Nemours |
| CICC Fund Management |
Dupont De and CICC Fund Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Dupont De and CICC Fund
The main advantage of trading using opposite Dupont De and CICC Fund positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Dupont De position performs unexpectedly, CICC Fund 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 CICC Fund will offset losses from the drop in CICC Fund's long position.| Dupont De vs. Olin Corporation | Dupont De vs. Cabot | Dupont De vs. Kronos Worldwide | Dupont De vs. LyondellBasell Industries NV |
| CICC Fund vs. Industrial and Commercial | CICC Fund vs. Kweichow Moutai Co | CICC Fund vs. Agricultural Bank of | CICC Fund vs. China Mobile 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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