Correlation Between Hoshine Silicon and Maxvision Technology
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By analyzing existing cross correlation between Hoshine Silicon Ind and Maxvision Technology Corp, you can compare the effects of market volatilities on Hoshine Silicon and Maxvision Technology 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 Hoshine Silicon with a short position of Maxvision Technology. Check out your portfolio center. Please also check ongoing floating volatility patterns of Hoshine Silicon and Maxvision Technology.
Diversification Opportunities for Hoshine Silicon and Maxvision Technology
0.63 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Hoshine and Maxvision is 0.63. Overlapping area represents the amount of risk that can be diversified away by holding Hoshine Silicon Ind and Maxvision Technology Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Maxvision Technology Corp and Hoshine Silicon 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 Hoshine Silicon Ind are associated (or correlated) with Maxvision Technology. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Maxvision Technology Corp has no effect on the direction of Hoshine Silicon i.e., Hoshine Silicon and Maxvision Technology go up and down completely randomly.
Pair Corralation between Hoshine Silicon and Maxvision Technology
Assuming the 90 days trading horizon Hoshine Silicon Ind is expected to generate 1.3 times more return on investment than Maxvision Technology. However, Hoshine Silicon is 1.3 times more volatile than Maxvision Technology Corp. It trades about 0.02 of its potential returns per unit of risk. Maxvision Technology Corp is currently generating about 0.0 per unit of risk. If you would invest 5,269 in Hoshine Silicon Ind on September 12, 2025 and sell it today you would earn a total of 32.00 from holding Hoshine Silicon Ind or generate 0.61% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Hoshine Silicon Ind vs. Maxvision Technology Corp
Performance |
| Timeline |
| Hoshine Silicon Ind |
| Maxvision Technology Corp |
Hoshine Silicon and Maxvision Technology Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Hoshine Silicon and Maxvision Technology
The main advantage of trading using opposite Hoshine Silicon and Maxvision Technology positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Hoshine Silicon position performs unexpectedly, Maxvision Technology 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 Maxvision Technology will offset losses from the drop in Maxvision Technology's long position.| Hoshine Silicon vs. Xiandai Investment Co | Hoshine Silicon vs. Chenzhou Jingui Silver | Hoshine Silicon vs. Eastern Air Logistics | Hoshine Silicon vs. Tieling Newcity Investment |
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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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