Correlation Between Genius and Jianzhi Education
Can any of the company-specific risk be diversified away by investing in both Genius and Jianzhi Education 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 Genius and Jianzhi Education into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Genius Group and Jianzhi Education Technology, you can compare the effects of market volatilities on Genius and Jianzhi Education 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 Genius with a short position of Jianzhi Education. Check out your portfolio center. Please also check ongoing floating volatility patterns of Genius and Jianzhi Education.
Diversification Opportunities for Genius and Jianzhi Education
-0.67 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Genius and Jianzhi is -0.67. Overlapping area represents the amount of risk that can be diversified away by holding Genius Group and Jianzhi Education Technology in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jianzhi Education and Genius 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 Genius Group are associated (or correlated) with Jianzhi Education. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jianzhi Education has no effect on the direction of Genius i.e., Genius and Jianzhi Education go up and down completely randomly.
Pair Corralation between Genius and Jianzhi Education
Considering the 90-day investment horizon Genius Group is expected to generate 1.68 times more return on investment than Jianzhi Education. However, Genius is 1.68 times more volatile than Jianzhi Education Technology. It trades about 0.18 of its potential returns per unit of risk. Jianzhi Education Technology is currently generating about -0.28 per unit of risk. If you would invest 39.00 in Genius Group on May 1, 2025 and sell it today you would earn a total of 67.00 from holding Genius Group or generate 171.79% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Genius Group vs. Jianzhi Education Technology
Performance |
| Timeline |
| Genius Group |
| Jianzhi Education |
Genius and Jianzhi Education Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Genius and Jianzhi Education
The main advantage of trading using opposite Genius and Jianzhi Education positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Genius position performs unexpectedly, Jianzhi Education 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 Jianzhi Education will offset losses from the drop in Jianzhi Education's long position.| Genius vs. Golden Sun Education | Genius vs. Gaotu Techedu DRC | Genius vs. TAL Education Group | Genius vs. Jianzhi Education Technology |
| Jianzhi Education vs. Golden Sun Education | Jianzhi Education vs. Wah Fu Education | Jianzhi Education vs. QuantaSing Group Limited | Jianzhi Education vs. Genius Group |
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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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