Correlation Between Sichuan Tianwei and Suwen Electric
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By analyzing existing cross correlation between Sichuan Tianwei Electronic and Suwen Electric Energy, you can compare the effects of market volatilities on Sichuan Tianwei and Suwen Electric 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 Sichuan Tianwei with a short position of Suwen Electric. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sichuan Tianwei and Suwen Electric.
Diversification Opportunities for Sichuan Tianwei and Suwen Electric
0.26 | Correlation Coefficient |
Modest diversification
The 3 months correlation between Sichuan and Suwen is 0.26. Overlapping area represents the amount of risk that can be diversified away by holding Sichuan Tianwei Electronic and Suwen Electric Energy in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Suwen Electric Energy and Sichuan Tianwei 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 Sichuan Tianwei Electronic are associated (or correlated) with Suwen Electric. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Suwen Electric Energy has no effect on the direction of Sichuan Tianwei i.e., Sichuan Tianwei and Suwen Electric go up and down completely randomly.
Pair Corralation between Sichuan Tianwei and Suwen Electric
Assuming the 90 days trading horizon Sichuan Tianwei is expected to generate 1.15 times less return on investment than Suwen Electric. But when comparing it to its historical volatility, Sichuan Tianwei Electronic is 1.21 times less risky than Suwen Electric. It trades about 0.08 of its potential returns per unit of risk. Suwen Electric Energy is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest 1,922 in Suwen Electric Energy on September 13, 2025 and sell it today you would earn a total of 182.00 from holding Suwen Electric Energy or generate 9.47% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Sichuan Tianwei Electronic vs. Suwen Electric Energy
Performance |
| Timeline |
| Sichuan Tianwei Elec |
| Suwen Electric Energy |
Sichuan Tianwei and Suwen Electric Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Sichuan Tianwei and Suwen Electric
The main advantage of trading using opposite Sichuan Tianwei and Suwen Electric positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Sichuan Tianwei position performs unexpectedly, Suwen Electric 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 Suwen Electric will offset losses from the drop in Suwen Electric's long position.| Sichuan Tianwei vs. Chongqing Brewery Co | Sichuan Tianwei vs. Shaanxi Broadcast TV | Sichuan Tianwei vs. RoadMain T Co | Sichuan Tianwei vs. XiAn Dagang Road |
| Suwen Electric vs. HaiXin Foods Co | Suwen Electric vs. Anhui Gujing Distillery | Suwen Electric vs. Shanghai Ziyan Foods | Suwen Electric vs. Muyuan Foodstuff Co |
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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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