Correlation Between Shenzhen Tellus and AMCON Distributing
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By analyzing existing cross correlation between Shenzhen Tellus Holding and AMCON Distributing, you can compare the effects of market volatilities on Shenzhen Tellus and AMCON Distributing 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 Shenzhen Tellus with a short position of AMCON Distributing. Check out your portfolio center. Please also check ongoing floating volatility patterns of Shenzhen Tellus and AMCON Distributing.
Diversification Opportunities for Shenzhen Tellus and AMCON Distributing
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Shenzhen and AMCON is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Shenzhen Tellus Holding and AMCON Distributing in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AMCON Distributing and Shenzhen Tellus 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 Shenzhen Tellus Holding are associated (or correlated) with AMCON Distributing. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AMCON Distributing has no effect on the direction of Shenzhen Tellus i.e., Shenzhen Tellus and AMCON Distributing go up and down completely randomly.
Pair Corralation between Shenzhen Tellus and AMCON Distributing
If you would invest (100.00) in Shenzhen Tellus Holding on September 9, 2025 and sell it today you would earn a total of 100.00 from holding Shenzhen Tellus Holding or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Shenzhen Tellus Holding vs. AMCON Distributing
Performance |
| Timeline |
| Shenzhen Tellus Holding |
Risk-Adjusted Performance
Weakest
Weak | Strong |
| AMCON Distributing |
Shenzhen Tellus and AMCON Distributing Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Shenzhen Tellus and AMCON Distributing
The main advantage of trading using opposite Shenzhen Tellus and AMCON Distributing positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Shenzhen Tellus position performs unexpectedly, AMCON Distributing 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 AMCON Distributing will offset losses from the drop in AMCON Distributing's long position.| Shenzhen Tellus vs. Telling Telecommunication Holding | Shenzhen Tellus vs. Xinjiang Communications Construction | Shenzhen Tellus vs. GRG Banking Equipment | Shenzhen Tellus vs. Ping An Insurance |
| AMCON Distributing vs. LEIFRAS Co, Ltd | AMCON Distributing vs. Bridgford Foods | AMCON Distributing vs. Borealis Foods | AMCON Distributing vs. Genius Group |
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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