Correlation Between ZEDER INVESTMENTS and Citic Telecom
Can any of the company-specific risk be diversified away by investing in both ZEDER INVESTMENTS and Citic Telecom 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 ZEDER INVESTMENTS and Citic Telecom into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between ZEDER INVESTMENTS and Citic Telecom International, you can compare the effects of market volatilities on ZEDER INVESTMENTS and Citic Telecom 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 ZEDER INVESTMENTS with a short position of Citic Telecom. Check out your portfolio center. Please also check ongoing floating volatility patterns of ZEDER INVESTMENTS and Citic Telecom.
Diversification Opportunities for ZEDER INVESTMENTS and Citic Telecom
-0.2 | Correlation Coefficient |
Good diversification
The 3 months correlation between ZEDER and Citic is -0.2. Overlapping area represents the amount of risk that can be diversified away by holding ZEDER INVESTMENTS and Citic Telecom International in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Citic Telecom Intern and ZEDER INVESTMENTS 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 ZEDER INVESTMENTS are associated (or correlated) with Citic Telecom. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Citic Telecom Intern has no effect on the direction of ZEDER INVESTMENTS i.e., ZEDER INVESTMENTS and Citic Telecom go up and down completely randomly.
Pair Corralation between ZEDER INVESTMENTS and Citic Telecom
Assuming the 90 days trading horizon ZEDER INVESTMENTS is expected to under-perform the Citic Telecom. In addition to that, ZEDER INVESTMENTS is 1.48 times more volatile than Citic Telecom International. It trades about -0.03 of its total potential returns per unit of risk. Citic Telecom International is currently generating about 0.01 per unit of volatility. If you would invest 26.00 in Citic Telecom International on October 6, 2025 and sell it today you would earn a total of 0.00 from holding Citic Telecom International or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 98.36% |
| Values | Daily Returns |
ZEDER INVESTMENTS vs. Citic Telecom International
Performance |
| Timeline |
| ZEDER INVESTMENTS |
| Citic Telecom Intern |
ZEDER INVESTMENTS and Citic Telecom Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with ZEDER INVESTMENTS and Citic Telecom
The main advantage of trading using opposite ZEDER INVESTMENTS and Citic Telecom positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ZEDER INVESTMENTS position performs unexpectedly, Citic Telecom 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 Citic Telecom will offset losses from the drop in Citic Telecom's long position.| ZEDER INVESTMENTS vs. MOUNT GIBSON IRON | ZEDER INVESTMENTS vs. STEEL DYNAMICS | ZEDER INVESTMENTS vs. JD SPORTS FASH | ZEDER INVESTMENTS vs. Gaming and Leisure |
| Citic Telecom vs. Apple Inc | Citic Telecom vs. Apple Inc | Citic Telecom vs. Apple Inc | Citic Telecom vs. Apple Inc |
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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