Correlation Between Deutsche Post and YTO Express
Can any of the company-specific risk be diversified away by investing in both Deutsche Post and YTO Express 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 Deutsche Post and YTO Express into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Deutsche Post AG and YTO Express Holdings, you can compare the effects of market volatilities on Deutsche Post and YTO Express 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 Deutsche Post with a short position of YTO Express. Check out your portfolio center. Please also check ongoing floating volatility patterns of Deutsche Post and YTO Express.
Diversification Opportunities for Deutsche Post and YTO Express
-0.7 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Deutsche and YTO is -0.7. Overlapping area represents the amount of risk that can be diversified away by holding Deutsche Post AG and YTO Express Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on YTO Express Holdings and Deutsche Post 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 Deutsche Post AG are associated (or correlated) with YTO Express. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of YTO Express Holdings has no effect on the direction of Deutsche Post i.e., Deutsche Post and YTO Express go up and down completely randomly.
Pair Corralation between Deutsche Post and YTO Express
Assuming the 90 days horizon Deutsche Post AG is expected to generate 0.22 times more return on investment than YTO Express. However, Deutsche Post AG is 4.59 times less risky than YTO Express. It trades about 0.18 of its potential returns per unit of risk. YTO Express Holdings is currently generating about -0.15 per unit of risk. If you would invest 4,480 in Deutsche Post AG on September 1, 2025 and sell it today you would earn a total of 739.00 from holding Deutsche Post AG or generate 16.5% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 97.73% |
| Values | Daily Returns |
Deutsche Post AG vs. YTO Express Holdings
Performance |
| Timeline |
| Deutsche Post AG |
| YTO Express Holdings |
Deutsche Post and YTO Express Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Deutsche Post and YTO Express
The main advantage of trading using opposite Deutsche Post and YTO Express positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Deutsche Post position performs unexpectedly, YTO Express 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 YTO Express will offset losses from the drop in YTO Express' long position.| Deutsche Post vs. Treasury Wine Estates | Deutsche Post vs. Solvay Bank Corp | Deutsche Post vs. Cadence Bank | Deutsche Post vs. CleanGo Innovations |
| YTO Express vs. LAir Liquide SA | YTO Express vs. Brandywine Realty Trust | YTO Express vs. Nascent Wine | YTO Express vs. Finnair Oyj |
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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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