Correlation Between Qiming Information and Fujian Longzhou
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By analyzing existing cross correlation between Qiming Information Technology and Fujian Longzhou Transportation, you can compare the effects of market volatilities on Qiming Information and Fujian Longzhou 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 Qiming Information with a short position of Fujian Longzhou. Check out your portfolio center. Please also check ongoing floating volatility patterns of Qiming Information and Fujian Longzhou.
Diversification Opportunities for Qiming Information and Fujian Longzhou
-0.34 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Qiming and Fujian is -0.34. Overlapping area represents the amount of risk that can be diversified away by holding Qiming Information Technology and Fujian Longzhou Transportation in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Fujian Longzhou Tran and Qiming Information 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 Qiming Information Technology are associated (or correlated) with Fujian Longzhou. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fujian Longzhou Tran has no effect on the direction of Qiming Information i.e., Qiming Information and Fujian Longzhou go up and down completely randomly.
Pair Corralation between Qiming Information and Fujian Longzhou
Assuming the 90 days trading horizon Qiming Information is expected to generate 6.75 times less return on investment than Fujian Longzhou. In addition to that, Qiming Information is 1.06 times more volatile than Fujian Longzhou Transportation. It trades about 0.04 of its total potential returns per unit of risk. Fujian Longzhou Transportation is currently generating about 0.26 per unit of volatility. If you would invest 485.00 in Fujian Longzhou Transportation on August 21, 2025 and sell it today you would earn a total of 299.00 from holding Fujian Longzhou Transportation or generate 61.65% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Qiming Information Technology vs. Fujian Longzhou Transportation
Performance |
| Timeline |
| Qiming Information |
| Fujian Longzhou Tran |
Qiming Information and Fujian Longzhou Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Qiming Information and Fujian Longzhou
The main advantage of trading using opposite Qiming Information and Fujian Longzhou positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Qiming Information position performs unexpectedly, Fujian Longzhou 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 Fujian Longzhou will offset losses from the drop in Fujian Longzhou's long position.| Qiming Information vs. Agricultural Bank of | Qiming Information vs. Industrial and Commercial | Qiming Information vs. Bank of China | Qiming Information vs. PetroChina Co Ltd |
| Fujian Longzhou vs. Tieling Newcity Investment | Fujian Longzhou vs. Bingo Software Co | Fujian Longzhou vs. Inspur Software Co | Fujian Longzhou vs. Digiwin Software Co |
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 AI Portfolio Prophet module to use AI to generate optimal portfolios and find profitable investment opportunities.
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