Correlation Between DeFi Technologies and Up Fintech
Can any of the company-specific risk be diversified away by investing in both DeFi Technologies and Up Fintech 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 DeFi Technologies and Up Fintech into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between DeFi Technologies and Up Fintech Holding, you can compare the effects of market volatilities on DeFi Technologies and Up Fintech 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 DeFi Technologies with a short position of Up Fintech. Check out your portfolio center. Please also check ongoing floating volatility patterns of DeFi Technologies and Up Fintech.
Diversification Opportunities for DeFi Technologies and Up Fintech
0.06 | Correlation Coefficient |
Significant diversification
The 3 months correlation between DeFi and TIGR is 0.06. Overlapping area represents the amount of risk that can be diversified away by holding DeFi Technologies and Up Fintech Holding in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Up Fintech Holding and DeFi Technologies 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 DeFi Technologies are associated (or correlated) with Up Fintech. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Up Fintech Holding has no effect on the direction of DeFi Technologies i.e., DeFi Technologies and Up Fintech go up and down completely randomly.
Pair Corralation between DeFi Technologies and Up Fintech
Given the investment horizon of 90 days DeFi Technologies is expected to under-perform the Up Fintech. In addition to that, DeFi Technologies is 1.07 times more volatile than Up Fintech Holding. It trades about -0.1 of its total potential returns per unit of risk. Up Fintech Holding is currently generating about 0.0 per unit of volatility. If you would invest 1,085 in Up Fintech Holding on August 15, 2025 and sell it today you would lose (47.00) from holding Up Fintech Holding or give up 4.33% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
DeFi Technologies vs. Up Fintech Holding
Performance |
| Timeline |
| DeFi Technologies |
| Up Fintech Holding |
DeFi Technologies and Up Fintech Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with DeFi Technologies and Up Fintech
The main advantage of trading using opposite DeFi Technologies and Up Fintech positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if DeFi Technologies position performs unexpectedly, Up Fintech 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 Up Fintech will offset losses from the drop in Up Fintech's long position.| DeFi Technologies vs. Amark Preci | DeFi Technologies vs. Solowin Holdings | DeFi Technologies vs. Oppenheimer Holdings | DeFi Technologies vs. BitFuFu Class A |
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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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
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