Correlation Between Intelligent Group and ZW Data
Can any of the company-specific risk be diversified away by investing in both Intelligent Group and ZW Data 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 Intelligent Group and ZW Data into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Intelligent Group Limited and ZW Data Action, you can compare the effects of market volatilities on Intelligent Group and ZW Data 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 Intelligent Group with a short position of ZW Data. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intelligent Group and ZW Data.
Diversification Opportunities for Intelligent Group and ZW Data
-0.64 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Intelligent and CNET is -0.64. Overlapping area represents the amount of risk that can be diversified away by holding Intelligent Group Limited and ZW Data Action in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ZW Data Action and Intelligent Group 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 Intelligent Group Limited are associated (or correlated) with ZW Data. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ZW Data Action has no effect on the direction of Intelligent Group i.e., Intelligent Group and ZW Data go up and down completely randomly.
Pair Corralation between Intelligent Group and ZW Data
Given the investment horizon of 90 days Intelligent Group Limited is expected to generate 0.77 times more return on investment than ZW Data. However, Intelligent Group Limited is 1.31 times less risky than ZW Data. It trades about 0.33 of its potential returns per unit of risk. ZW Data Action is currently generating about -0.26 per unit of risk. If you would invest 48.00 in Intelligent Group Limited on September 27, 2025 and sell it today you would earn a total of 12.00 from holding Intelligent Group Limited or generate 25.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Intelligent Group Limited vs. ZW Data Action
Performance |
| Timeline |
| Intelligent Group |
| ZW Data Action |
Intelligent Group and ZW Data Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Intelligent Group and ZW Data
The main advantage of trading using opposite Intelligent Group and ZW Data positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Intelligent Group position performs unexpectedly, ZW Data 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 ZW Data will offset losses from the drop in ZW Data's long position.| Intelligent Group vs. Galaxy Payroll Group | Intelligent Group vs. Iveda Solutions | Intelligent Group vs. Founder Group Limited | Intelligent Group vs. Antelope Enterprise Holdings |
| ZW Data vs. Baosheng Media Group | ZW Data vs. Cheetah Mobile | ZW Data vs. Kuke Music Holding | ZW Data vs. Onfolio Holdings |
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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