Correlation Between Shenzhen Longsys and Boxlight Corp
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By analyzing existing cross correlation between Shenzhen Longsys Electronics and Boxlight Corp Class, you can compare the effects of market volatilities on Shenzhen Longsys and Boxlight Corp 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 Shenzhen Longsys with a short position of Boxlight Corp. Check out your portfolio center. Please also check ongoing floating volatility patterns of Shenzhen Longsys and Boxlight Corp.
Diversification Opportunities for Shenzhen Longsys and Boxlight Corp
-0.64 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Shenzhen and Boxlight is -0.64. Overlapping area represents the amount of risk that can be diversified away by holding Shenzhen Longsys Electronics and Boxlight Corp Class in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Boxlight Corp Class and Shenzhen Longsys 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 Shenzhen Longsys Electronics are associated (or correlated) with Boxlight Corp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Boxlight Corp Class has no effect on the direction of Shenzhen Longsys i.e., Shenzhen Longsys and Boxlight Corp go up and down completely randomly.
Pair Corralation between Shenzhen Longsys and Boxlight Corp
Assuming the 90 days trading horizon Shenzhen Longsys Electronics is expected to generate 0.22 times more return on investment than Boxlight Corp. However, Shenzhen Longsys Electronics is 4.5 times less risky than Boxlight Corp. It trades about 0.27 of its potential returns per unit of risk. Boxlight Corp Class is currently generating about 0.03 per unit of risk. If you would invest 9,695 in Shenzhen Longsys Electronics on September 8, 2025 and sell it today you would earn a total of 14,118 from holding Shenzhen Longsys Electronics or generate 145.62% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 92.31% |
| Values | Daily Returns |
Shenzhen Longsys Electronics vs. Boxlight Corp Class
Performance |
| Timeline |
| Shenzhen Longsys Ele |
| Boxlight Corp Class |
Shenzhen Longsys and Boxlight Corp Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Shenzhen Longsys and Boxlight Corp
The main advantage of trading using opposite Shenzhen Longsys and Boxlight Corp positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Shenzhen Longsys position performs unexpectedly, Boxlight Corp 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 Boxlight Corp will offset losses from the drop in Boxlight Corp's long position.| Shenzhen Longsys vs. Jinzhou Port Co | Shenzhen Longsys vs. Danhua Chemical Technology | Shenzhen Longsys vs. Ming Yang Smart | Shenzhen Longsys vs. 159681 |
| Boxlight Corp vs. EVO Transportation Energy | Boxlight Corp vs. SIGNA Sports United | Boxlight Corp vs. ANTA Sports Products | Boxlight Corp vs. Canadian Utilities 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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