Correlation Between Shenwu Energy and Kweichow Moutai
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By analyzing existing cross correlation between Shenwu Energy Saving and Kweichow Moutai Co, you can compare the effects of market volatilities on Shenwu Energy and Kweichow Moutai 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 Shenwu Energy with a short position of Kweichow Moutai. Check out your portfolio center. Please also check ongoing floating volatility patterns of Shenwu Energy and Kweichow Moutai.
Diversification Opportunities for Shenwu Energy and Kweichow Moutai
-0.2 | Correlation Coefficient |
Good diversification
The 3 months correlation between Shenwu and Kweichow is -0.2. Overlapping area represents the amount of risk that can be diversified away by holding Shenwu Energy Saving and Kweichow Moutai Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kweichow Moutai and Shenwu Energy 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 Shenwu Energy Saving are associated (or correlated) with Kweichow Moutai. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kweichow Moutai has no effect on the direction of Shenwu Energy i.e., Shenwu Energy and Kweichow Moutai go up and down completely randomly.
Pair Corralation between Shenwu Energy and Kweichow Moutai
Assuming the 90 days trading horizon Shenwu Energy Saving is expected to generate 3.41 times more return on investment than Kweichow Moutai. However, Shenwu Energy is 3.41 times more volatile than Kweichow Moutai Co. It trades about 0.15 of its potential returns per unit of risk. Kweichow Moutai Co is currently generating about -0.16 per unit of risk. If you would invest 273.00 in Shenwu Energy Saving on September 12, 2025 and sell it today you would earn a total of 69.00 from holding Shenwu Energy Saving or generate 25.27% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Shenwu Energy Saving vs. Kweichow Moutai Co
Performance |
| Timeline |
| Shenwu Energy Saving |
| Kweichow Moutai |
Shenwu Energy and Kweichow Moutai Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Shenwu Energy and Kweichow Moutai
The main advantage of trading using opposite Shenwu Energy and Kweichow Moutai positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Shenwu Energy position performs unexpectedly, Kweichow Moutai 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 Kweichow Moutai will offset losses from the drop in Kweichow Moutai's long position.| Shenwu Energy vs. Kweichow Moutai Co | Shenwu Energy vs. Contemporary Amperex Technology | Shenwu Energy vs. Anhui Gujing Distillery | Shenwu Energy vs. Ming Yang Smart |
| Kweichow Moutai vs. Wuxi Chemical Equipment | Kweichow Moutai vs. Zhongshan Public Utilities | Kweichow Moutai vs. Xinyaqiang Silicon Chemistry | Kweichow Moutai vs. Anhui Gujing Distillery |
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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