Correlation Between Anyang Iron and Easyhome New
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By analyzing existing cross correlation between Anyang Iron Steel and Easyhome New Retail, you can compare the effects of market volatilities on Anyang Iron and Easyhome New 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 Anyang Iron with a short position of Easyhome New. Check out your portfolio center. Please also check ongoing floating volatility patterns of Anyang Iron and Easyhome New.
Diversification Opportunities for Anyang Iron and Easyhome New
-0.28 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Anyang and Easyhome is -0.28. Overlapping area represents the amount of risk that can be diversified away by holding Anyang Iron Steel and Easyhome New Retail in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Easyhome New Retail and Anyang Iron 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 Anyang Iron Steel are associated (or correlated) with Easyhome New. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Easyhome New Retail has no effect on the direction of Anyang Iron i.e., Anyang Iron and Easyhome New go up and down completely randomly.
Pair Corralation between Anyang Iron and Easyhome New
Assuming the 90 days trading horizon Anyang Iron Steel is expected to generate 1.15 times more return on investment than Easyhome New. However, Anyang Iron is 1.15 times more volatile than Easyhome New Retail. It trades about 0.08 of its potential returns per unit of risk. Easyhome New Retail is currently generating about 0.0 per unit of risk. If you would invest 189.00 in Anyang Iron Steel on August 29, 2025 and sell it today you would earn a total of 40.00 from holding Anyang Iron Steel or generate 21.16% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Anyang Iron Steel vs. Easyhome New Retail
Performance |
| Timeline |
| Anyang Iron Steel |
| Easyhome New Retail |
Anyang Iron and Easyhome New Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Anyang Iron and Easyhome New
The main advantage of trading using opposite Anyang Iron and Easyhome New positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Anyang Iron position performs unexpectedly, Easyhome New 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 Easyhome New will offset losses from the drop in Easyhome New's long position.| Anyang Iron vs. Qingdao Citymedia Co | Anyang Iron vs. 37 Interactive Entertainment | Anyang Iron vs. Ligao Foods CoLtd | Anyang Iron vs. Heilongjiang Publishing Media |
| Easyhome New vs. National Silicon Industry | Easyhome New vs. Hoshine Silicon Ind | Easyhome New vs. 360 Security Technology | Easyhome New vs. Fujian Longzhou Transportation |
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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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