Correlation Between Anhui Heli and GreenPower
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By analyzing existing cross correlation between Anhui Heli Co and GreenPower Motor, you can compare the effects of market volatilities on Anhui Heli and GreenPower 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 Anhui Heli with a short position of GreenPower. Check out your portfolio center. Please also check ongoing floating volatility patterns of Anhui Heli and GreenPower.
Diversification Opportunities for Anhui Heli and GreenPower
0.51 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Anhui and GreenPower is 0.51. Overlapping area represents the amount of risk that can be diversified away by holding Anhui Heli Co and GreenPower Motor in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GreenPower Motor and Anhui Heli 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 Anhui Heli Co are associated (or correlated) with GreenPower. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GreenPower Motor has no effect on the direction of Anhui Heli i.e., Anhui Heli and GreenPower go up and down completely randomly.
Pair Corralation between Anhui Heli and GreenPower
Assuming the 90 days trading horizon Anhui Heli Co is expected to generate 0.36 times more return on investment than GreenPower. However, Anhui Heli Co is 2.75 times less risky than GreenPower. It trades about -0.01 of its potential returns per unit of risk. GreenPower Motor is currently generating about -0.3 per unit of risk. If you would invest 2,156 in Anhui Heli Co on October 7, 2025 and sell it today you would lose (67.00) from holding Anhui Heli Co or give up 3.11% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 96.83% |
| Values | Daily Returns |
Anhui Heli Co vs. GreenPower Motor
Performance |
| Timeline |
| Anhui Heli |
| GreenPower Motor |
Anhui Heli and GreenPower Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Anhui Heli and GreenPower
The main advantage of trading using opposite Anhui Heli and GreenPower positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Anhui Heli position performs unexpectedly, GreenPower 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 GreenPower will offset losses from the drop in GreenPower's long position.| Anhui Heli vs. Chengdu Xingrong Investment | Anhui Heli vs. Luyin Investment Group | Anhui Heli vs. China Asset Management | Anhui Heli vs. Shenzhen Centralcon Investment |
| GreenPower vs. Purple Innovation | GreenPower vs. Kandi Technologies Group | GreenPower vs. Chanson International Holding | GreenPower vs. Full House Resorts |
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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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