Correlation Between UE Furniture and AMREP
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By analyzing existing cross correlation between UE Furniture Co and AMREP, you can compare the effects of market volatilities on UE Furniture and AMREP 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 UE Furniture with a short position of AMREP. Check out your portfolio center. Please also check ongoing floating volatility patterns of UE Furniture and AMREP.
Diversification Opportunities for UE Furniture and AMREP
-0.39 | Correlation Coefficient |
Very good diversification
The 3 months correlation between 603600 and AMREP is -0.39. Overlapping area represents the amount of risk that can be diversified away by holding UE Furniture Co and AMREP in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AMREP and UE Furniture 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 UE Furniture Co are associated (or correlated) with AMREP. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AMREP has no effect on the direction of UE Furniture i.e., UE Furniture and AMREP go up and down completely randomly.
Pair Corralation between UE Furniture and AMREP
Assuming the 90 days trading horizon UE Furniture Co is expected to generate 0.54 times more return on investment than AMREP. However, UE Furniture Co is 1.84 times less risky than AMREP. It trades about 0.14 of its potential returns per unit of risk. AMREP is currently generating about 0.03 per unit of risk. If you would invest 1,092 in UE Furniture Co on September 4, 2025 and sell it today you would earn a total of 146.00 from holding UE Furniture Co or generate 13.37% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 92.06% |
| Values | Daily Returns |
UE Furniture Co vs. AMREP
Performance |
| Timeline |
| UE Furniture |
| AMREP |
UE Furniture and AMREP Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with UE Furniture and AMREP
The main advantage of trading using opposite UE Furniture and AMREP positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if UE Furniture position performs unexpectedly, AMREP 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 AMREP will offset losses from the drop in AMREP's long position.| UE Furniture vs. Peoples Insurance of | UE Furniture vs. Pylon Technologies Co | UE Furniture vs. NOVA Technology | UE Furniture vs. Changchun UP Optotech |
| AMREP vs. BC Technology Group | AMREP vs. CITIC Telecom International | AMREP vs. Natcore Technology | AMREP vs. Juma Technology Corp |
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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