Correlation Between Jiangsu Broadcasting and E W
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By analyzing existing cross correlation between Jiangsu Broadcasting Cable and E W Scripps, you can compare the effects of market volatilities on Jiangsu Broadcasting and E W 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 Jiangsu Broadcasting with a short position of E W. Check out your portfolio center. Please also check ongoing floating volatility patterns of Jiangsu Broadcasting and E W.
Diversification Opportunities for Jiangsu Broadcasting and E W
-0.54 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Jiangsu and SSP is -0.54. Overlapping area represents the amount of risk that can be diversified away by holding Jiangsu Broadcasting Cable and E W Scripps in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on E W Scripps and Jiangsu Broadcasting 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 Jiangsu Broadcasting Cable are associated (or correlated) with E W. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of E W Scripps has no effect on the direction of Jiangsu Broadcasting i.e., Jiangsu Broadcasting and E W go up and down completely randomly.
Pair Corralation between Jiangsu Broadcasting and E W
Assuming the 90 days trading horizon Jiangsu Broadcasting Cable is expected to under-perform the E W. But the stock apears to be less risky and, when comparing its historical volatility, Jiangsu Broadcasting Cable is 4.21 times less risky than E W. The stock trades about -0.02 of its potential returns per unit of risk. The E W Scripps is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 214.00 in E W Scripps on September 11, 2025 and sell it today you would earn a total of 259.00 from holding E W Scripps or generate 121.03% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 97.17% |
| Values | Daily Returns |
Jiangsu Broadcasting Cable vs. E W Scripps
Performance |
| Timeline |
| Jiangsu Broadcasting |
| E W Scripps |
Jiangsu Broadcasting and E W Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Jiangsu Broadcasting and E W
The main advantage of trading using opposite Jiangsu Broadcasting and E W positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Jiangsu Broadcasting position performs unexpectedly, E W 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 E W will offset losses from the drop in E W's long position.| Jiangsu Broadcasting vs. GRINM Semiconductor Materials | Jiangsu Broadcasting vs. CITIC Metal Co | Jiangsu Broadcasting vs. Tongling Nonferrous Metals | Jiangsu Broadcasting vs. Zijin Mining Group |
| E W vs. Entravision Communications | E W vs. WiMi Hologram Cloud | E W vs. Starz Entertainment LLC | E W vs. TrueCar |
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 CEOs Directory module to screen CEOs from public companies around the world.
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