Correlation Between Samyang Foods and UJU Electronics
Can any of the company-specific risk be diversified away by investing in both Samyang Foods and UJU Electronics at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Samyang Foods and UJU Electronics into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Samyang Foods Co and UJU Electronics Co, you can compare the effects of market volatilities on Samyang Foods and UJU Electronics 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 Samyang Foods with a short position of UJU Electronics. Check out your portfolio center. Please also check ongoing floating volatility patterns of Samyang Foods and UJU Electronics.
Diversification Opportunities for Samyang Foods and UJU Electronics
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Samyang and UJU is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Samyang Foods Co and UJU Electronics Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on UJU Electronics and Samyang Foods 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 Samyang Foods Co are associated (or correlated) with UJU Electronics. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of UJU Electronics has no effect on the direction of Samyang Foods i.e., Samyang Foods and UJU Electronics go up and down completely randomly.
Pair Corralation between Samyang Foods and UJU Electronics
If you would invest 100,000,000 in Samyang Foods Co on August 22, 2025 and sell it today you would earn a total of 0.00 from holding Samyang Foods Co or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 94.92% |
| Values | Daily Returns |
Samyang Foods Co vs. UJU Electronics Co
Performance |
| Timeline |
| Samyang Foods |
| UJU Electronics |
Samyang Foods and UJU Electronics Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Samyang Foods and UJU Electronics
The main advantage of trading using opposite Samyang Foods and UJU Electronics positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Samyang Foods position performs unexpectedly, UJU Electronics 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 UJU Electronics will offset losses from the drop in UJU Electronics' long position.| Samyang Foods vs. Dongwon Metal Co | Samyang Foods vs. Daishin Information Communications | Samyang Foods vs. CG Hi Tech | Samyang Foods vs. Kbi Metal Co |
| UJU Electronics vs. MNtech Co | UJU Electronics vs. Eagle Veterinary Technology | UJU Electronics vs. Konan Technology | UJU Electronics vs. Samyang Foods 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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