Correlation Between CK Asset and Henderson Land
Can any of the company-specific risk be diversified away by investing in both CK Asset and Henderson Land 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 Henderson Land 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 Henderson Land, you can compare the effects of market volatilities on CK Asset and Henderson Land 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 Henderson Land. Check out your portfolio center. Please also check ongoing floating volatility patterns of CK Asset and Henderson Land.
Diversification Opportunities for CK Asset and Henderson Land
0.33 | Correlation Coefficient |
Weak diversification
The 3 months correlation between CHKGF and Henderson is 0.33. Overlapping area represents the amount of risk that can be diversified away by holding CK Asset Holdings and Henderson Land in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Henderson Land 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 Henderson Land. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Henderson Land has no effect on the direction of CK Asset i.e., CK Asset and Henderson Land go up and down completely randomly.
Pair Corralation between CK Asset and Henderson Land
Assuming the 90 days horizon CK Asset Holdings is expected to under-perform the Henderson Land. In addition to that, CK Asset is 1.37 times more volatile than Henderson Land. It trades about 0.0 of its total potential returns per unit of risk. Henderson Land is currently generating about 0.07 per unit of volatility. If you would invest 345.00 in Henderson Land on September 12, 2025 and sell it today you would earn a total of 26.00 from holding Henderson Land or generate 7.54% 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. Henderson Land
Performance |
| Timeline |
| CK Asset Holdings |
| Henderson Land |
CK Asset and Henderson Land Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CK Asset and Henderson Land
The main advantage of trading using opposite CK Asset and Henderson Land positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CK Asset position performs unexpectedly, Henderson Land 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 Henderson Land will offset losses from the drop in Henderson Land'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 |
| Henderson Land vs. CK Asset Holdings | Henderson Land vs. Swire Properties Limited | Henderson Land vs. CK Asset Holdings | Henderson Land vs. Vantage Towers AG |
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 CEOs Directory module to screen CEOs from public companies around the world.
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