Correlation Between Juma Technology and Hongkong Land
Can any of the company-specific risk be diversified away by investing in both Juma Technology and Hongkong Land 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 Juma Technology and Hongkong Land into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Juma Technology Corp and Hongkong Land Holdings, you can compare the effects of market volatilities on Juma Technology and Hongkong Land 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 Juma Technology with a short position of Hongkong Land. Check out your portfolio center. Please also check ongoing floating volatility patterns of Juma Technology and Hongkong Land.
Diversification Opportunities for Juma Technology and Hongkong Land
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Juma and Hongkong is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Juma Technology Corp and Hongkong Land Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Hongkong Land Holdings and Juma Technology 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 Juma Technology Corp are associated (or correlated) with Hongkong Land. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Hongkong Land Holdings has no effect on the direction of Juma Technology i.e., Juma Technology and Hongkong Land go up and down completely randomly.
Pair Corralation between Juma Technology and Hongkong Land
If you would invest 632.00 in Hongkong Land Holdings on September 10, 2025 and sell it today you would lose (9.00) from holding Hongkong Land Holdings or give up 1.42% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Juma Technology Corp vs. Hongkong Land Holdings
Performance |
| Timeline |
| Juma Technology Corp |
| Hongkong Land Holdings |
Juma Technology and Hongkong Land Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Juma Technology and Hongkong Land
The main advantage of trading using opposite Juma Technology and Hongkong Land positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Juma Technology position performs unexpectedly, Hongkong Land 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 Hongkong Land will offset losses from the drop in Hongkong Land's long position.| Juma Technology vs. Novra Technologies | Juma Technology vs. Diguang Intl Dev | Juma Technology vs. Wirecard AG | Juma Technology vs. Datametrex AI Limited |
| Hongkong Land vs. SM Prime Holdings | Hongkong Land vs. Sino Land Co | Hongkong Land vs. Azrieli Group | Hongkong Land vs. China Vanke Co |
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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