Correlation Between Hefei Urban and Maui Land
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By analyzing existing cross correlation between Hefei Urban Construction and Maui Land Pineapple, you can compare the effects of market volatilities on Hefei Urban and Maui Land 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 Hefei Urban with a short position of Maui Land. Check out your portfolio center. Please also check ongoing floating volatility patterns of Hefei Urban and Maui Land.
Diversification Opportunities for Hefei Urban and Maui Land
-0.81 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Hefei and Maui is -0.81. Overlapping area represents the amount of risk that can be diversified away by holding Hefei Urban Construction and Maui Land Pineapple in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Maui Land Pineapple and Hefei Urban 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 Hefei Urban Construction are associated (or correlated) with Maui Land. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Maui Land Pineapple has no effect on the direction of Hefei Urban i.e., Hefei Urban and Maui Land go up and down completely randomly.
Pair Corralation between Hefei Urban and Maui Land
Assuming the 90 days trading horizon Hefei Urban Construction is expected to generate 1.96 times more return on investment than Maui Land. However, Hefei Urban is 1.96 times more volatile than Maui Land Pineapple. It trades about 0.21 of its potential returns per unit of risk. Maui Land Pineapple is currently generating about 0.0 per unit of risk. If you would invest 667.00 in Hefei Urban Construction on September 5, 2025 and sell it today you would earn a total of 543.00 from holding Hefei Urban Construction or generate 81.41% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 92.19% |
| Values | Daily Returns |
Hefei Urban Construction vs. Maui Land Pineapple
Performance |
| Timeline |
| Hefei Urban Construction |
| Maui Land Pineapple |
Hefei Urban and Maui Land Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Hefei Urban and Maui Land
The main advantage of trading using opposite Hefei Urban and Maui Land positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Hefei Urban position performs unexpectedly, Maui Land 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 Maui Land will offset losses from the drop in Maui Land's long position.| Hefei Urban vs. GRINM Semiconductor Materials | Hefei Urban vs. GigaDevice SemiconductorBeiji | Hefei Urban vs. Easyhome New Retail | Hefei Urban vs. Nexchip Semiconductor Corp |
| Maui Land vs. Bridgford Foods | Maui Land vs. United Natural Foods | Maui Land vs. Fernhill Beverage | Maui Land vs. First Foods 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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