Correlation Between Advanced Micro and Anhui Jiuhuashan
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By analyzing existing cross correlation between Advanced Micro Devices and Anhui Jiuhuashan Tourism, you can compare the effects of market volatilities on Advanced Micro and Anhui Jiuhuashan 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 Advanced Micro with a short position of Anhui Jiuhuashan. Check out your portfolio center. Please also check ongoing floating volatility patterns of Advanced Micro and Anhui Jiuhuashan.
Diversification Opportunities for Advanced Micro and Anhui Jiuhuashan
-0.76 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Advanced and Anhui is -0.76. Overlapping area represents the amount of risk that can be diversified away by holding Advanced Micro Devices and Anhui Jiuhuashan Tourism in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Anhui Jiuhuashan Tourism and Advanced Micro 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 Advanced Micro Devices are associated (or correlated) with Anhui Jiuhuashan. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Anhui Jiuhuashan Tourism has no effect on the direction of Advanced Micro i.e., Advanced Micro and Anhui Jiuhuashan go up and down completely randomly.
Pair Corralation between Advanced Micro and Anhui Jiuhuashan
Assuming the 90 days trading horizon Advanced Micro Devices is expected to under-perform the Anhui Jiuhuashan. In addition to that, Advanced Micro is 3.25 times more volatile than Anhui Jiuhuashan Tourism. It trades about -0.03 of its total potential returns per unit of risk. Anhui Jiuhuashan Tourism is currently generating about 0.07 per unit of volatility. If you would invest 3,545 in Anhui Jiuhuashan Tourism on August 21, 2025 and sell it today you would earn a total of 66.00 from holding Anhui Jiuhuashan Tourism or generate 1.86% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Advanced Micro Devices vs. Anhui Jiuhuashan Tourism
Performance |
| Timeline |
| Advanced Micro Devices |
| Anhui Jiuhuashan Tourism |
Advanced Micro and Anhui Jiuhuashan Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Advanced Micro and Anhui Jiuhuashan
The main advantage of trading using opposite Advanced Micro and Anhui Jiuhuashan positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Advanced Micro position performs unexpectedly, Anhui Jiuhuashan 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 Anhui Jiuhuashan will offset losses from the drop in Anhui Jiuhuashan's long position.| Advanced Micro vs. NVIDIA CDR | Advanced Micro vs. Advanced Micro Devices | Advanced Micro vs. Micron Technology, | Advanced Micro vs. QUALCOMM Incorporated |
| Anhui Jiuhuashan vs. Aba Chemicals Corp | Anhui Jiuhuashan vs. Luyin Investment Group | Anhui Jiuhuashan vs. Jointo Energy Investment | Anhui Jiuhuashan vs. Bloomage Biotechnology 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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