Correlation Between Concorde International and China Tontine
Can any of the company-specific risk be diversified away by investing in both Concorde International and China Tontine 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 Concorde International and China Tontine into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Concorde International Group and China Tontine Wines, you can compare the effects of market volatilities on Concorde International and China Tontine 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 Concorde International with a short position of China Tontine. Check out your portfolio center. Please also check ongoing floating volatility patterns of Concorde International and China Tontine.
Diversification Opportunities for Concorde International and China Tontine
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Concorde and China is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Concorde International Group and China Tontine Wines in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on China Tontine Wines and Concorde International 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 Concorde International Group are associated (or correlated) with China Tontine. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of China Tontine Wines has no effect on the direction of Concorde International i.e., Concorde International and China Tontine go up and down completely randomly.
Pair Corralation between Concorde International and China Tontine
If you would invest 145.00 in Concorde International Group on September 2, 2025 and sell it today you would earn a total of 43.00 from holding Concorde International Group or generate 29.66% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Concorde International Group vs. China Tontine Wines
Performance |
| Timeline |
| Concorde International |
| China Tontine Wines |
Concorde International and China Tontine Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Concorde International and China Tontine
The main advantage of trading using opposite Concorde International and China Tontine positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Concorde International position performs unexpectedly, China Tontine 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 China Tontine will offset losses from the drop in China Tontine's long position.| Concorde International vs. Starwin Media Holdings | Concorde International vs. Contagious Gaming | Concorde International vs. Sphere Entertainment Co | Concorde International vs. Dolphin Entertainment |
| China Tontine vs. United Industrial | China Tontine vs. Hunter Creek Mining | China Tontine vs. Cardinal Health | China Tontine vs. RTG Mining |
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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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