Correlation Between Agape ATP and CIMG
Can any of the company-specific risk be diversified away by investing in both Agape ATP and CIMG 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 Agape ATP and CIMG into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Agape ATP and CIMG Inc, you can compare the effects of market volatilities on Agape ATP and CIMG 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 Agape ATP with a short position of CIMG. Check out your portfolio center. Please also check ongoing floating volatility patterns of Agape ATP and CIMG.
Diversification Opportunities for Agape ATP and CIMG
Modest diversification
The 3 months correlation between Agape and CIMG is 0.29. Overlapping area represents the amount of risk that can be diversified away by holding Agape ATP and CIMG Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CIMG Inc and Agape ATP 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 Agape ATP are associated (or correlated) with CIMG. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CIMG Inc has no effect on the direction of Agape ATP i.e., Agape ATP and CIMG go up and down completely randomly.
Pair Corralation between Agape ATP and CIMG
Given the investment horizon of 90 days Agape ATP is expected to generate 3.97 times more return on investment than CIMG. However, Agape ATP is 3.97 times more volatile than CIMG Inc. It trades about 0.07 of its potential returns per unit of risk. CIMG Inc is currently generating about -0.2 per unit of risk. If you would invest 138.00 in Agape ATP on September 13, 2025 and sell it today you would lose (120.00) from holding Agape ATP or give up 86.96% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Agape ATP vs. CIMG Inc
Performance |
| Timeline |
| Agape ATP |
| CIMG Inc |
Agape ATP and CIMG Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Agape ATP and CIMG
The main advantage of trading using opposite Agape ATP and CIMG positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Agape ATP position performs unexpectedly, CIMG 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 CIMG will offset losses from the drop in CIMG's long position.| Agape ATP vs. DDC Enterprise Limited | Agape ATP vs. Wing Yip Food | Agape ATP vs. Bridgford Foods | Agape ATP vs. CIMG Inc |
| CIMG vs. Thrivent High Yield | CIMG vs. Morningstar Unconstrained Allocation | CIMG vs. Via Renewables | CIMG vs. T Rowe Price |
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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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