Correlation Between FinVolution and Acadian Asset
Can any of the company-specific risk be diversified away by investing in both FinVolution and Acadian 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 FinVolution and Acadian Asset into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between FinVolution Group and Acadian Asset Management, you can compare the effects of market volatilities on FinVolution and Acadian 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 FinVolution with a short position of Acadian Asset. Check out your portfolio center. Please also check ongoing floating volatility patterns of FinVolution and Acadian Asset.
Diversification Opportunities for FinVolution and Acadian Asset
0.51 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between FinVolution and Acadian is 0.51. Overlapping area represents the amount of risk that can be diversified away by holding FinVolution Group and Acadian Asset Management in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Acadian Asset Management and FinVolution 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 FinVolution Group are associated (or correlated) with Acadian Asset. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Acadian Asset Management has no effect on the direction of FinVolution i.e., FinVolution and Acadian Asset go up and down completely randomly.
Pair Corralation between FinVolution and Acadian Asset
Given the investment horizon of 90 days FinVolution Group is expected to under-perform the Acadian Asset. In addition to that, FinVolution is 1.63 times more volatile than Acadian Asset Management. It trades about -0.14 of its total potential returns per unit of risk. Acadian Asset Management is currently generating about 0.0 per unit of volatility. If you would invest 4,657 in Acadian Asset Management on September 10, 2025 and sell it today you would lose (50.00) from holding Acadian Asset Management or give up 1.07% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
FinVolution Group vs. Acadian Asset Management
Performance |
| Timeline |
| FinVolution Group |
| Acadian Asset Management |
FinVolution and Acadian Asset Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with FinVolution and Acadian Asset
The main advantage of trading using opposite FinVolution and Acadian Asset positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if FinVolution position performs unexpectedly, Acadian 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 Acadian Asset will offset losses from the drop in Acadian Asset's long position.| FinVolution vs. 360 Finance | FinVolution vs. Lufax Holding | FinVolution vs. Qudian Inc | FinVolution vs. X Financial Class |
| Acadian Asset vs. Ashmore Group Plc | Acadian Asset vs. Oxford Lane Capital | Acadian Asset vs. Tetragon Financial Group | Acadian Asset vs. Horizon Technology Finance |
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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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