Correlation Between Lufax Holding and Consumer Portfolio
Can any of the company-specific risk be diversified away by investing in both Lufax Holding and Consumer Portfolio 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 Lufax Holding and Consumer Portfolio into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Lufax Holding and Consumer Portfolio Services, you can compare the effects of market volatilities on Lufax Holding and Consumer Portfolio 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 Lufax Holding with a short position of Consumer Portfolio. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lufax Holding and Consumer Portfolio.
Diversification Opportunities for Lufax Holding and Consumer Portfolio
-0.57 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Lufax and Consumer is -0.57. Overlapping area represents the amount of risk that can be diversified away by holding Lufax Holding and Consumer Portfolio Services in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Consumer Portfolio and Lufax Holding 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 Lufax Holding are associated (or correlated) with Consumer Portfolio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Consumer Portfolio has no effect on the direction of Lufax Holding i.e., Lufax Holding and Consumer Portfolio go up and down completely randomly.
Pair Corralation between Lufax Holding and Consumer Portfolio
Allowing for the 90-day total investment horizon Lufax Holding is expected to under-perform the Consumer Portfolio. In addition to that, Lufax Holding is 1.11 times more volatile than Consumer Portfolio Services. It trades about -0.25 of its total potential returns per unit of risk. Consumer Portfolio Services is currently generating about 0.11 per unit of volatility. If you would invest 781.00 in Consumer Portfolio Services on August 20, 2025 and sell it today you would earn a total of 58.00 from holding Consumer Portfolio Services or generate 7.43% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Lufax Holding vs. Consumer Portfolio Services
Performance |
| Timeline |
| Lufax Holding |
| Consumer Portfolio |
Lufax Holding and Consumer Portfolio Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Lufax Holding and Consumer Portfolio
The main advantage of trading using opposite Lufax Holding and Consumer Portfolio positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Lufax Holding position performs unexpectedly, Consumer Portfolio 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 Consumer Portfolio will offset losses from the drop in Consumer Portfolio's long position.| Lufax Holding vs. Mastercard | Lufax Holding vs. Visa Class A | Lufax Holding vs. Capital One Financial | Lufax Holding vs. PayPal Holdings |
| Consumer Portfolio vs. CPI Card Group | Consumer Portfolio vs. Currenc Group Ordinary | Consumer Portfolio vs. Mainstreet Bank | Consumer Portfolio vs. Ames National |
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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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