Correlation Between Kunwu Jiuding and Hunan Investment
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By analyzing existing cross correlation between Kunwu Jiuding Investment and Hunan Investment Group, you can compare the effects of market volatilities on Kunwu Jiuding and Hunan Investment 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 Kunwu Jiuding with a short position of Hunan Investment. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kunwu Jiuding and Hunan Investment.
Diversification Opportunities for Kunwu Jiuding and Hunan Investment
0.65 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Kunwu and Hunan is 0.65. Overlapping area represents the amount of risk that can be diversified away by holding Kunwu Jiuding Investment and Hunan Investment Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Hunan Investment and Kunwu Jiuding 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 Kunwu Jiuding Investment are associated (or correlated) with Hunan Investment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Hunan Investment has no effect on the direction of Kunwu Jiuding i.e., Kunwu Jiuding and Hunan Investment go up and down completely randomly.
Pair Corralation between Kunwu Jiuding and Hunan Investment
Assuming the 90 days trading horizon Kunwu Jiuding is expected to generate 1.07 times less return on investment than Hunan Investment. In addition to that, Kunwu Jiuding is 1.52 times more volatile than Hunan Investment Group. It trades about 0.02 of its total potential returns per unit of risk. Hunan Investment Group is currently generating about 0.04 per unit of volatility. If you would invest 427.00 in Hunan Investment Group on August 17, 2025 and sell it today you would earn a total of 168.00 from holding Hunan Investment Group or generate 39.34% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Kunwu Jiuding Investment vs. Hunan Investment Group
Performance |
| Timeline |
| Kunwu Jiuding Investment |
| Hunan Investment |
Kunwu Jiuding and Hunan Investment Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Kunwu Jiuding and Hunan Investment
The main advantage of trading using opposite Kunwu Jiuding and Hunan Investment positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kunwu Jiuding position performs unexpectedly, Hunan Investment 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 Hunan Investment will offset losses from the drop in Hunan Investment's long position.| Kunwu Jiuding vs. Ming Yang Smart | Kunwu Jiuding vs. 159681 | Kunwu Jiuding vs. 159005 | Kunwu Jiuding vs. Loctek Ergonomic Technology |
| Hunan Investment vs. Gan Yuan Foods | Hunan Investment vs. Shantou Wanshun Package | Hunan Investment vs. Qingdao Foods Co | Hunan Investment vs. Tianshui Huatian Technology |
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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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