Correlation Between STANLN and 17 Education
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By analyzing existing cross correlation between STANLN 32 17 APR 25 and 17 Education Technology, you can compare the effects of market volatilities on STANLN and 17 Education 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 STANLN with a short position of 17 Education. Check out your portfolio center. Please also check ongoing floating volatility patterns of STANLN and 17 Education.
Diversification Opportunities for STANLN and 17 Education
-0.89 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between STANLN and 17 Education is -0.89. Overlapping area represents the amount of risk that can be diversified away by holding STANLN 32 17 APR 25 and 17 Education Technology in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on 17 Education Technology and STANLN 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 STANLN 32 17 APR 25 are associated (or correlated) with 17 Education. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of 17 Education Technology has no effect on the direction of STANLN i.e., STANLN and 17 Education go up and down completely randomly.
Pair Corralation between STANLN and 17 Education
Assuming the 90 days trading horizon STANLN is expected to generate 51.34 times less return on investment than 17 Education. But when comparing it to its historical volatility, STANLN 32 17 APR 25 is 237.34 times less risky than 17 Education. It trades about 0.58 of its potential returns per unit of risk. 17 Education Technology is currently generating about 0.12 of returns per unit of risk over similar time horizon. If you would invest 157.00 in 17 Education Technology on October 22, 2024 and sell it today you would earn a total of 9.50 from holding 17 Education Technology or generate 6.05% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 15.79% |
| Values | Daily Returns |
STANLN 32 17 APR 25 vs. 17 Education Technology
Performance |
| Timeline |
| STANLN 32 17 |
| 17 Education Technology |
STANLN and 17 Education Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with STANLN and 17 Education
The main advantage of trading using opposite STANLN and 17 Education positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if STANLN position performs unexpectedly, 17 Education 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 17 Education will offset losses from the drop in 17 Education's long position.The idea behind STANLN 32 17 APR 25 and 17 Education Technology 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.| 17 Education vs. Sunlands Technology Group | 17 Education vs. Ihuman Inc | 17 Education vs. Gaotu Techedu DRC | 17 Education vs. New Oriental Education |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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