Correlation Between Zhongfu Information and Qiming Information
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By analyzing existing cross correlation between Zhongfu Information and Qiming Information Technology, you can compare the effects of market volatilities on Zhongfu Information and Qiming Information 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 Zhongfu Information with a short position of Qiming Information. Check out your portfolio center. Please also check ongoing floating volatility patterns of Zhongfu Information and Qiming Information.
Diversification Opportunities for Zhongfu Information and Qiming Information
-0.54 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Zhongfu and Qiming is -0.54. Overlapping area represents the amount of risk that can be diversified away by holding Zhongfu Information and Qiming Information Technology in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Qiming Information and Zhongfu 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 Zhongfu Information are associated (or correlated) with Qiming Information. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Qiming Information has no effect on the direction of Zhongfu Information i.e., Zhongfu Information and Qiming Information go up and down completely randomly.
Pair Corralation between Zhongfu Information and Qiming Information
Assuming the 90 days trading horizon Zhongfu Information is expected to generate 1.6 times more return on investment than Qiming Information. However, Zhongfu Information is 1.6 times more volatile than Qiming Information Technology. It trades about 0.11 of its potential returns per unit of risk. Qiming Information Technology is currently generating about -0.1 per unit of risk. If you would invest 1,487 in Zhongfu Information on September 8, 2025 and sell it today you would earn a total of 328.00 from holding Zhongfu Information or generate 22.06% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Zhongfu Information vs. Qiming Information Technology
Performance |
| Timeline |
| Zhongfu Information |
| Qiming Information |
Zhongfu Information and Qiming Information Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Zhongfu Information and Qiming Information
The main advantage of trading using opposite Zhongfu Information and Qiming Information positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Zhongfu Information position performs unexpectedly, Qiming Information 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 Qiming Information will offset losses from the drop in Qiming Information's long position.| Zhongfu Information vs. Jiangxi Copper Co | Zhongfu Information vs. Beijing Kingsoft Office | Zhongfu Information vs. Pinlive Foods Co | Zhongfu Information vs. Beijing HuaYuanYiTong Thermal |
| Qiming Information vs. Industrial and Commercial | Qiming Information vs. Agricultural Bank of | Qiming Information vs. China Construction Bank | Qiming Information vs. China Mobile Limited |
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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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