Correlation Between Hunter Creek and China Tontine
Can any of the company-specific risk be diversified away by investing in both Hunter Creek 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 Hunter Creek and China Tontine into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Hunter Creek Mining and China Tontine Wines, you can compare the effects of market volatilities on Hunter Creek 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 Hunter Creek with a short position of China Tontine. Check out your portfolio center. Please also check ongoing floating volatility patterns of Hunter Creek and China Tontine.
Diversification Opportunities for Hunter Creek and China Tontine
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Hunter and China is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Hunter Creek Mining 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 Hunter Creek 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 Hunter Creek Mining 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 Hunter Creek i.e., Hunter Creek and China Tontine go up and down completely randomly.
Pair Corralation between Hunter Creek and China Tontine
If you would invest 7.10 in China Tontine Wines on September 3, 2025 and sell it today you would earn a total of 0.00 from holding China Tontine Wines or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Hunter Creek Mining vs. China Tontine Wines
Performance |
| Timeline |
| Hunter Creek Mining |
| China Tontine Wines |
Hunter Creek and China Tontine Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Hunter Creek and China Tontine
The main advantage of trading using opposite Hunter Creek and China Tontine positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Hunter Creek 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.| Hunter Creek vs. Liberty Broadband | Hunter Creek vs. Marten Transport | Hunter Creek vs. Silk Road Entertainment | Hunter Creek vs. EROAD Limited |
| China Tontine vs. PPJ Healthcare Enterprises | China Tontine vs. World Houseware Limited | China Tontine vs. Bausch Health Companies | China Tontine vs. STRATEC Biomedical AG |
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Other Complementary Tools
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |