Correlation Between Atour Lifestyle and Aerofoam Metals
Can any of the company-specific risk be diversified away by investing in both Atour Lifestyle and Aerofoam Metals at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Atour Lifestyle and Aerofoam Metals into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Atour Lifestyle Holdings and Aerofoam Metals, you can compare the effects of market volatilities on Atour Lifestyle and Aerofoam Metals 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 Atour Lifestyle with a short position of Aerofoam Metals. Check out your portfolio center. Please also check ongoing floating volatility patterns of Atour Lifestyle and Aerofoam Metals.
Diversification Opportunities for Atour Lifestyle and Aerofoam Metals
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Atour and Aerofoam is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Atour Lifestyle Holdings and Aerofoam Metals in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Aerofoam Metals and Atour Lifestyle 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 Atour Lifestyle Holdings are associated (or correlated) with Aerofoam Metals. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Aerofoam Metals has no effect on the direction of Atour Lifestyle i.e., Atour Lifestyle and Aerofoam Metals go up and down completely randomly.
Pair Corralation between Atour Lifestyle and Aerofoam Metals
If you would invest 3,890 in Atour Lifestyle Holdings on September 4, 2025 and sell it today you would earn a total of 349.00 from holding Atour Lifestyle Holdings or generate 8.97% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Atour Lifestyle Holdings vs. Aerofoam Metals
Performance |
| Timeline |
| Atour Lifestyle Holdings |
| Aerofoam Metals |
Atour Lifestyle and Aerofoam Metals Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Atour Lifestyle and Aerofoam Metals
The main advantage of trading using opposite Atour Lifestyle and Aerofoam Metals positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Atour Lifestyle position performs unexpectedly, Aerofoam Metals 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 Aerofoam Metals will offset losses from the drop in Aerofoam Metals' long position.| Atour Lifestyle vs. Prosperity Real Estate | Atour Lifestyle vs. Cass Information Systems | Atour Lifestyle vs. Dream Industrial Real | Atour Lifestyle vs. Crombie Real Estate |
| Aerofoam Metals vs. Doman Building Materials | Aerofoam Metals vs. Meta Materials | Aerofoam Metals vs. Reo Plastics | Aerofoam Metals vs. Goodyear Tire Rubber |
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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