Correlation Between Yunnan Xiyi and LiveWire
Specify exactly 2 symbols:
By analyzing existing cross correlation between Yunnan Xiyi Industrial and LiveWire Group, you can compare the effects of market volatilities on Yunnan Xiyi and LiveWire 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 Yunnan Xiyi with a short position of LiveWire. Check out your portfolio center. Please also check ongoing floating volatility patterns of Yunnan Xiyi and LiveWire.
Diversification Opportunities for Yunnan Xiyi and LiveWire
-0.84 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Yunnan and LiveWire is -0.84. Overlapping area represents the amount of risk that can be diversified away by holding Yunnan Xiyi Industrial and LiveWire Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LiveWire Group and Yunnan Xiyi 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 Yunnan Xiyi Industrial are associated (or correlated) with LiveWire. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveWire Group has no effect on the direction of Yunnan Xiyi i.e., Yunnan Xiyi and LiveWire go up and down completely randomly.
Pair Corralation between Yunnan Xiyi and LiveWire
Assuming the 90 days trading horizon Yunnan Xiyi Industrial is expected to under-perform the LiveWire. But the stock apears to be less risky and, when comparing its historical volatility, Yunnan Xiyi Industrial is 1.6 times less risky than LiveWire. The stock trades about -0.13 of its potential returns per unit of risk. The LiveWire Group is currently generating about 0.16 of returns per unit of risk over similar time horizon. If you would invest 333.00 in LiveWire Group on August 4, 2025 and sell it today you would earn a total of 215.00 from holding LiveWire Group or generate 64.56% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 92.31% |
| Values | Daily Returns |
Yunnan Xiyi Industrial vs. LiveWire Group
Performance |
| Timeline |
| Yunnan Xiyi Industrial |
| LiveWire Group |
Yunnan Xiyi and LiveWire Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Yunnan Xiyi and LiveWire
The main advantage of trading using opposite Yunnan Xiyi and LiveWire positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Yunnan Xiyi position performs unexpectedly, LiveWire 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 LiveWire will offset losses from the drop in LiveWire's long position.| Yunnan Xiyi vs. SuZhou ChunXing Precision | Yunnan Xiyi vs. Fujian Oriental Silver | Yunnan Xiyi vs. Shandong Meichen Science | Yunnan Xiyi vs. Changzhou Tiansheng New |
| LiveWire vs. SES AI Corp | LiveWire vs. Aeva Technologies, Common | LiveWire vs. Fox Factory Holding | LiveWire vs. G III Apparel 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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Complementary Tools
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios |