Correlation Between LianDi Clean and Teleflex
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By analyzing existing cross correlation between LianDi Clean Technology and Teleflex 425 percent, you can compare the effects of market volatilities on LianDi Clean and Teleflex 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 LianDi Clean with a short position of Teleflex. Check out your portfolio center. Please also check ongoing floating volatility patterns of LianDi Clean and Teleflex.
Diversification Opportunities for LianDi Clean and Teleflex
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between LianDi and Teleflex is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding LianDi Clean Technology and Teleflex 425 percent in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Teleflex 425 percent and LianDi Clean 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 LianDi Clean Technology are associated (or correlated) with Teleflex. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Teleflex 425 percent has no effect on the direction of LianDi Clean i.e., LianDi Clean and Teleflex go up and down completely randomly.
Pair Corralation between LianDi Clean and Teleflex
If you would invest 0.01 in LianDi Clean Technology on July 20, 2025 and sell it today you would earn a total of 0.00 from holding LianDi Clean Technology or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 84.85% |
| Values | Daily Returns |
LianDi Clean Technology vs. Teleflex 425 percent
Performance |
| Timeline |
| LianDi Clean Technology |
| Teleflex 425 percent |
LianDi Clean and Teleflex Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with LianDi Clean and Teleflex
The main advantage of trading using opposite LianDi Clean and Teleflex positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if LianDi Clean position performs unexpectedly, Teleflex 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 Teleflex will offset losses from the drop in Teleflex's long position.| LianDi Clean vs. Coil Tubing Technology | LianDi Clean vs. New Source Energy | LianDi Clean vs. Manitok Energy | LianDi Clean vs. Sterling Energy Resources |
| Teleflex vs. NanoTech Gaming | Teleflex vs. Scandinavian Tobacco Group | Teleflex vs. Boyd Gaming | Teleflex vs. Telephone and Data |
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 Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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