Correlation Between CIMG and 17 Education
Can any of the company-specific risk be diversified away by investing in both CIMG and 17 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 CIMG and 17 Education into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between CIMG Inc and 17 Education Technology, you can compare the effects of market volatilities on CIMG and 17 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 CIMG with a short position of 17 Education. Check out your portfolio center. Please also check ongoing floating volatility patterns of CIMG and 17 Education.
Diversification Opportunities for CIMG and 17 Education
-0.37 | Correlation Coefficient |
Very good diversification
The 3 months correlation between CIMG and 17 Education is -0.37. Overlapping area represents the amount of risk that can be diversified away by holding CIMG Inc and 17 Education Technology in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on 17 Education Technology and CIMG 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 CIMG Inc are associated (or correlated) with 17 Education. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of 17 Education Technology has no effect on the direction of CIMG i.e., CIMG and 17 Education go up and down completely randomly.
Pair Corralation between CIMG and 17 Education
Considering the 90-day investment horizon CIMG Inc is expected to under-perform the 17 Education. But the stock apears to be less risky and, when comparing its historical volatility, CIMG Inc is 1.07 times less risky than 17 Education. The stock trades about -0.05 of its potential returns per unit of risk. The 17 Education Technology is currently generating about 0.26 of returns per unit of risk over similar time horizon. If you would invest 195.00 in 17 Education Technology on August 14, 2025 and sell it today you would earn a total of 315.00 from holding 17 Education Technology or generate 161.54% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
CIMG Inc vs. 17 Education Technology
Performance |
| Timeline |
| CIMG Inc |
| 17 Education Technology |
CIMG and 17 Education Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CIMG and 17 Education
The main advantage of trading using opposite CIMG and 17 Education positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CIMG position performs unexpectedly, 17 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 17 Education will offset losses from the drop in 17 Education's long position.The idea behind CIMG Inc and 17 Education Technology pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| 17 Education vs. Jianzhi Education Technology | 17 Education vs. Ruanyun Edai Technology | 17 Education vs. Virgin Group Acquisition | 17 Education vs. CIMG Inc |
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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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