Correlation Between Jiangsu GDK and XTL Biopharmaceutica
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By analyzing existing cross correlation between Jiangsu GDK Biotechnology and XTL Biopharmaceuticals Ltd, you can compare the effects of market volatilities on Jiangsu GDK and XTL Biopharmaceutica 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 GDK with a short position of XTL Biopharmaceutica. Check out your portfolio center. Please also check ongoing floating volatility patterns of Jiangsu GDK and XTL Biopharmaceutica.
Diversification Opportunities for Jiangsu GDK and XTL Biopharmaceutica
-0.54 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Jiangsu and XTL is -0.54. Overlapping area represents the amount of risk that can be diversified away by holding Jiangsu GDK Biotechnology and XTL Biopharmaceuticals Ltd in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on XTL Biopharmaceuticals and Jiangsu GDK 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 GDK Biotechnology are associated (or correlated) with XTL Biopharmaceutica. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of XTL Biopharmaceuticals has no effect on the direction of Jiangsu GDK i.e., Jiangsu GDK and XTL Biopharmaceutica go up and down completely randomly.
Pair Corralation between Jiangsu GDK and XTL Biopharmaceutica
Assuming the 90 days trading horizon Jiangsu GDK Biotechnology is expected to generate 0.61 times more return on investment than XTL Biopharmaceutica. However, Jiangsu GDK Biotechnology is 1.63 times less risky than XTL Biopharmaceutica. It trades about 0.19 of its potential returns per unit of risk. XTL Biopharmaceuticals Ltd is currently generating about -0.03 per unit of risk. If you would invest 1,705 in Jiangsu GDK Biotechnology on August 19, 2025 and sell it today you would earn a total of 1,098 from holding Jiangsu GDK Biotechnology or generate 64.4% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 92.19% |
| Values | Daily Returns |
Jiangsu GDK Biotechnology vs. XTL Biopharmaceuticals Ltd
Performance |
| Timeline |
| Jiangsu GDK Biotechnology |
| XTL Biopharmaceuticals |
Jiangsu GDK and XTL Biopharmaceutica Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Jiangsu GDK and XTL Biopharmaceutica
The main advantage of trading using opposite Jiangsu GDK and XTL Biopharmaceutica positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Jiangsu GDK position performs unexpectedly, XTL Biopharmaceutica 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 XTL Biopharmaceutica will offset losses from the drop in XTL Biopharmaceutica's long position.| Jiangsu GDK vs. Bank of China | Jiangsu GDK vs. Industrial and Commercial | Jiangsu GDK vs. Bank of Communications | Jiangsu GDK vs. Agricultural Bank of |
| XTL Biopharmaceutica vs. OmniAb Inc | XTL Biopharmaceutica vs. Invivyd | XTL Biopharmaceutica vs. Sellas Life Sciences | XTL Biopharmaceutica vs. Codexis |
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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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