Correlation Between Anhui Xinlong and Shanghai Lujiazui
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By analyzing existing cross correlation between Anhui Xinlong Electrical and Shanghai Lujiazui Finance, you can compare the effects of market volatilities on Anhui Xinlong and Shanghai Lujiazui 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 Anhui Xinlong with a short position of Shanghai Lujiazui. Check out your portfolio center. Please also check ongoing floating volatility patterns of Anhui Xinlong and Shanghai Lujiazui.
Diversification Opportunities for Anhui Xinlong and Shanghai Lujiazui
-0.5 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Anhui and Shanghai is -0.5. Overlapping area represents the amount of risk that can be diversified away by holding Anhui Xinlong Electrical and Shanghai Lujiazui Finance in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Shanghai Lujiazui Finance and Anhui Xinlong 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 Anhui Xinlong Electrical are associated (or correlated) with Shanghai Lujiazui. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Shanghai Lujiazui Finance has no effect on the direction of Anhui Xinlong i.e., Anhui Xinlong and Shanghai Lujiazui go up and down completely randomly.
Pair Corralation between Anhui Xinlong and Shanghai Lujiazui
Assuming the 90 days trading horizon Anhui Xinlong Electrical is expected to generate 4.72 times more return on investment than Shanghai Lujiazui. However, Anhui Xinlong is 4.72 times more volatile than Shanghai Lujiazui Finance. It trades about -0.01 of its potential returns per unit of risk. Shanghai Lujiazui Finance is currently generating about -0.15 per unit of risk. If you would invest 1,205 in Anhui Xinlong Electrical on August 27, 2025 and sell it today you would lose (102.00) from holding Anhui Xinlong Electrical or give up 8.46% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Anhui Xinlong Electrical vs. Shanghai Lujiazui Finance
Performance |
| Timeline |
| Anhui Xinlong Electrical |
| Shanghai Lujiazui Finance |
Anhui Xinlong and Shanghai Lujiazui Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Anhui Xinlong and Shanghai Lujiazui
The main advantage of trading using opposite Anhui Xinlong and Shanghai Lujiazui positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Anhui Xinlong position performs unexpectedly, Shanghai Lujiazui 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 Shanghai Lujiazui will offset losses from the drop in Shanghai Lujiazui's long position.| Anhui Xinlong vs. COL Digital Publishing | Anhui Xinlong vs. Time Publishing and | Anhui Xinlong vs. RoadMain T Co | Anhui Xinlong vs. Fujian Longzhou Transportation |
| Shanghai Lujiazui vs. Shanghai Shuixing Home | Shanghai Lujiazui vs. Nanjing OLO Home | Shanghai Lujiazui vs. Dingli Communications Corp | Shanghai Lujiazui vs. FSPG Hi Tech 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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