Correlation Between Anxin Trust and Allwin Telecommunicatio
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By analyzing existing cross correlation between Anxin Trust Co and Allwin Telecommunication Co, you can compare the effects of market volatilities on Anxin Trust and Allwin Telecommunicatio 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 Anxin Trust with a short position of Allwin Telecommunicatio. Check out your portfolio center. Please also check ongoing floating volatility patterns of Anxin Trust and Allwin Telecommunicatio.
Diversification Opportunities for Anxin Trust and Allwin Telecommunicatio
0.05 | Correlation Coefficient |
Significant diversification
The 3 months correlation between Anxin and Allwin is 0.05. Overlapping area represents the amount of risk that can be diversified away by holding Anxin Trust Co and Allwin Telecommunication Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Allwin Telecommunicatio and Anxin Trust 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 Anxin Trust Co are associated (or correlated) with Allwin Telecommunicatio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Allwin Telecommunicatio has no effect on the direction of Anxin Trust i.e., Anxin Trust and Allwin Telecommunicatio go up and down completely randomly.
Pair Corralation between Anxin Trust and Allwin Telecommunicatio
Assuming the 90 days trading horizon Anxin Trust Co is expected to generate 0.72 times more return on investment than Allwin Telecommunicatio. However, Anxin Trust Co is 1.39 times less risky than Allwin Telecommunicatio. It trades about 0.01 of its potential returns per unit of risk. Allwin Telecommunication Co is currently generating about -0.15 per unit of risk. If you would invest 307.00 in Anxin Trust Co on August 20, 2025 and sell it today you would lose (3.00) from holding Anxin Trust Co or give up 0.98% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Anxin Trust Co vs. Allwin Telecommunication Co
Performance |
| Timeline |
| Anxin Trust |
| Allwin Telecommunicatio |
Anxin Trust and Allwin Telecommunicatio Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Anxin Trust and Allwin Telecommunicatio
The main advantage of trading using opposite Anxin Trust and Allwin Telecommunicatio positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Anxin Trust position performs unexpectedly, Allwin Telecommunicatio 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 Allwin Telecommunicatio will offset losses from the drop in Allwin Telecommunicatio's long position.| Anxin Trust vs. Xinjiang Communications Construction | Anxin Trust vs. Jiangsu Jinling Sports | Anxin Trust vs. Jiangsu Financial Leasing | Anxin Trust vs. Tengda Construction Group |
| Allwin Telecommunicatio vs. Vats Liquor Chain | Allwin Telecommunicatio vs. Hengxin Mobile Business | Allwin Telecommunicatio vs. Dongfeng Automobile Co | Allwin Telecommunicatio vs. Bank of Communications |
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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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