Correlation Between Hubei Yingtong and Genasys
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By analyzing existing cross correlation between Hubei Yingtong Telecommunication and Genasys, you can compare the effects of market volatilities on Hubei Yingtong and Genasys 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 Hubei Yingtong with a short position of Genasys. Check out your portfolio center. Please also check ongoing floating volatility patterns of Hubei Yingtong and Genasys.
Diversification Opportunities for Hubei Yingtong and Genasys
0.5 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Hubei and Genasys is 0.5. Overlapping area represents the amount of risk that can be diversified away by holding Hubei Yingtong Telecommunicati and Genasys in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Genasys and Hubei Yingtong 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 Hubei Yingtong Telecommunication are associated (or correlated) with Genasys. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Genasys has no effect on the direction of Hubei Yingtong i.e., Hubei Yingtong and Genasys go up and down completely randomly.
Pair Corralation between Hubei Yingtong and Genasys
Assuming the 90 days trading horizon Hubei Yingtong Telecommunication is expected to generate 0.81 times more return on investment than Genasys. However, Hubei Yingtong Telecommunication is 1.24 times less risky than Genasys. It trades about 0.17 of its potential returns per unit of risk. Genasys is currently generating about 0.08 per unit of risk. If you would invest 1,650 in Hubei Yingtong Telecommunication on August 21, 2025 and sell it today you would earn a total of 452.00 from holding Hubei Yingtong Telecommunication or generate 27.39% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 92.06% |
| Values | Daily Returns |
Hubei Yingtong Telecommunicati vs. Genasys
Performance |
| Timeline |
| Hubei Yingtong Telec |
| Genasys |
Hubei Yingtong and Genasys Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Hubei Yingtong and Genasys
The main advantage of trading using opposite Hubei Yingtong and Genasys positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Hubei Yingtong position performs unexpectedly, Genasys 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 Genasys will offset losses from the drop in Genasys' long position.| Hubei Yingtong vs. PetroChina Co Ltd | Hubei Yingtong vs. Industrial and Commercial | Hubei Yingtong vs. China Construction Bank | Hubei Yingtong vs. China Petroleum Chemical |
| Genasys vs. Soluna Holdings | Genasys vs. Mind Technology | Genasys vs. Skillz Platform | Genasys vs. Playstudios |
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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