Correlation Between Founder Technology and Shanghai Lujiazui
Specify exactly 2 symbols:
By analyzing existing cross correlation between Founder Technology Group and Shanghai Lujiazui Finance, you can compare the effects of market volatilities on Founder Technology and Shanghai Lujiazui 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 Founder Technology with a short position of Shanghai Lujiazui. Check out your portfolio center. Please also check ongoing floating volatility patterns of Founder Technology and Shanghai Lujiazui.
Diversification Opportunities for Founder Technology and Shanghai Lujiazui
-0.49 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Founder and Shanghai is -0.49. Overlapping area represents the amount of risk that can be diversified away by holding Founder Technology Group and Shanghai Lujiazui Finance in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Shanghai Lujiazui Finance and Founder Technology 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 Founder Technology Group are associated (or correlated) with Shanghai Lujiazui. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Shanghai Lujiazui Finance has no effect on the direction of Founder Technology i.e., Founder Technology and Shanghai Lujiazui go up and down completely randomly.
Pair Corralation between Founder Technology and Shanghai Lujiazui
Assuming the 90 days trading horizon Founder Technology Group is expected to generate 3.45 times more return on investment than Shanghai Lujiazui. However, Founder Technology is 3.45 times more volatile than Shanghai Lujiazui Finance. It trades about 0.06 of its potential returns per unit of risk. Shanghai Lujiazui Finance is currently generating about -0.18 per unit of risk. If you would invest 1,130 in Founder Technology Group on September 12, 2025 and sell it today you would earn a total of 122.00 from holding Founder Technology Group or generate 10.8% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 98.31% |
| Values | Daily Returns |
Founder Technology Group vs. Shanghai Lujiazui Finance
Performance |
| Timeline |
| Founder Technology |
| Shanghai Lujiazui Finance |
Founder Technology and Shanghai Lujiazui Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Founder Technology and Shanghai Lujiazui
The main advantage of trading using opposite Founder Technology and Shanghai Lujiazui positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Founder Technology position performs unexpectedly, Shanghai Lujiazui 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 Shanghai Lujiazui will offset losses from the drop in Shanghai Lujiazui's long position.| Founder Technology vs. Goldlok Toys Holdings | Founder Technology vs. CITIC Metal Co | Founder Technology vs. Pengxin International Mining | Founder Technology vs. Guangzhou Zhujiang Brewery |
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Other Complementary Tools
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |