Correlation Between CK Asset and CK Asset
Can any of the company-specific risk be diversified away by investing in both CK Asset and CK Asset 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 CK Asset and CK Asset into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between CK Asset Holdings and CK Asset Holdings, you can compare the effects of market volatilities on CK Asset and CK Asset 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 CK Asset with a short position of CK Asset. Check out your portfolio center. Please also check ongoing floating volatility patterns of CK Asset and CK Asset.
Diversification Opportunities for CK Asset and CK Asset
Modest diversification
The 3 months correlation between CHKGF and CNGKY is 0.23. Overlapping area represents the amount of risk that can be diversified away by holding CK Asset Holdings and CK Asset Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CK Asset Holdings and CK Asset 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 CK Asset Holdings are associated (or correlated) with CK Asset. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CK Asset Holdings has no effect on the direction of CK Asset i.e., CK Asset and CK Asset go up and down completely randomly.
Pair Corralation between CK Asset and CK Asset
Assuming the 90 days horizon CK Asset Holdings is expected to generate 1.22 times more return on investment than CK Asset. However, CK Asset is 1.22 times more volatile than CK Asset Holdings. It trades about 0.09 of its potential returns per unit of risk. CK Asset Holdings is currently generating about 0.11 per unit of risk. If you would invest 445.00 in CK Asset Holdings on August 15, 2025 and sell it today you would earn a total of 66.00 from holding CK Asset Holdings or generate 14.83% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
CK Asset Holdings vs. CK Asset Holdings
Performance |
| Timeline |
| CK Asset Holdings |
| CK Asset Holdings |
CK Asset and CK Asset Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CK Asset and CK Asset
The main advantage of trading using opposite CK Asset and CK Asset positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CK Asset position performs unexpectedly, CK Asset 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 CK Asset will offset losses from the drop in CK Asset's long position.| CK Asset vs. China Overseas Land | CK Asset vs. China Overseas Land | CK Asset vs. Henderson Land Development | CK Asset vs. Henderson Land |
| CK Asset vs. China Overseas Land | CK Asset vs. China Overseas Land | CK Asset vs. Henderson Land Development | CK Asset vs. Daiwa House Industry |
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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