Correlation Between Ford and 5I5j Holding
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By analyzing existing cross correlation between Ford Motor and 5I5j Holding Group, you can compare the effects of market volatilities on Ford and 5I5j Holding 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 Ford with a short position of 5I5j Holding. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ford and 5I5j Holding.
Diversification Opportunities for Ford and 5I5j Holding
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Ford and 5I5j is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor and 5I5j Holding Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on 5I5j Holding Group and Ford 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 Ford Motor are associated (or correlated) with 5I5j Holding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of 5I5j Holding Group has no effect on the direction of Ford i.e., Ford and 5I5j Holding go up and down completely randomly.
Pair Corralation between Ford and 5I5j Holding
If you would invest 1,141 in Ford Motor on October 31, 2024 and sell it today you would lose (114.50) from holding Ford Motor or give up 10.04% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.2% |
| Values | Daily Returns |
Ford Motor vs. 5I5j Holding Group
Performance |
| Timeline |
| Ford Motor |
| 5I5j Holding Group |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Ford and 5I5j Holding Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Ford and 5I5j Holding
The main advantage of trading using opposite Ford and 5I5j Holding positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ford position performs unexpectedly, 5I5j Holding 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 5I5j Holding will offset losses from the drop in 5I5j Holding's long position.The idea behind Ford Motor and 5I5j Holding Group pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| 5I5j Holding vs. Shanghai Ziyan Foods | 5I5j Holding vs. Beijing Bewinner Communications | 5I5j Holding vs. CICC Fund Management | 5I5j Holding vs. Wuhan Yangtze Communication |
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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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