Correlation Between Anhui Xinhua and Educational Development
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By analyzing existing cross correlation between Anhui Xinhua Media and Educational Development, you can compare the effects of market volatilities on Anhui Xinhua and Educational Development 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 Xinhua with a short position of Educational Development. Check out your portfolio center. Please also check ongoing floating volatility patterns of Anhui Xinhua and Educational Development.
Diversification Opportunities for Anhui Xinhua and Educational Development
-0.3 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Anhui and Educational is -0.3. Overlapping area represents the amount of risk that can be diversified away by holding Anhui Xinhua Media and Educational Development in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Educational Development and Anhui Xinhua 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 Xinhua Media are associated (or correlated) with Educational Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Educational Development has no effect on the direction of Anhui Xinhua i.e., Anhui Xinhua and Educational Development go up and down completely randomly.
Pair Corralation between Anhui Xinhua and Educational Development
Assuming the 90 days trading horizon Anhui Xinhua Media is expected to under-perform the Educational Development. But the stock apears to be less risky and, when comparing its historical volatility, Anhui Xinhua Media is 8.92 times less risky than Educational Development. The stock trades about -0.04 of its potential returns per unit of risk. The Educational Development is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest 111.00 in Educational Development on September 8, 2025 and sell it today you would earn a total of 19.00 from holding Educational Development or generate 17.12% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 92.31% |
| Values | Daily Returns |
Anhui Xinhua Media vs. Educational Development
Performance |
| Timeline |
| Anhui Xinhua Media |
| Educational Development |
Anhui Xinhua and Educational Development Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Anhui Xinhua and Educational Development
The main advantage of trading using opposite Anhui Xinhua and Educational Development positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Anhui Xinhua position performs unexpectedly, Educational Development 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 Educational Development will offset losses from the drop in Educational Development's long position.| Anhui Xinhua vs. Ming Yang Smart | Anhui Xinhua vs. 159681 | Anhui Xinhua vs. 159005 | Anhui Xinhua vs. Loctek Ergonomic Technology |
| Educational Development vs. E Home Household Service | Educational Development vs. ISE Chemicals | Educational Development vs. Caribbean Utilities | Educational Development vs. National Rural Utilities |
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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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