Correlation Between QKL Stores and InRetail Per
Can any of the company-specific risk be diversified away by investing in both QKL Stores and InRetail Per 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 QKL Stores and InRetail Per into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between QKL Stores and InRetail Per Corp, you can compare the effects of market volatilities on QKL Stores and InRetail Per 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 QKL Stores with a short position of InRetail Per. Check out your portfolio center. Please also check ongoing floating volatility patterns of QKL Stores and InRetail Per.
Diversification Opportunities for QKL Stores and InRetail Per
-1.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between QKL and InRetail is -1.0. Overlapping area represents the amount of risk that can be diversified away by holding QKL Stores and InRetail Per Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on InRetail Per Corp and QKL Stores 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 QKL Stores are associated (or correlated) with InRetail Per. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of InRetail Per Corp has no effect on the direction of QKL Stores i.e., QKL Stores and InRetail Per go up and down completely randomly.
Pair Corralation between QKL Stores and InRetail Per
If you would invest 2,684 in InRetail Per Corp on August 30, 2025 and sell it today you would earn a total of 0.00 from holding InRetail Per Corp or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
QKL Stores vs. InRetail Per Corp
Performance |
| Timeline |
| QKL Stores |
| InRetail Per Corp |
QKL Stores and InRetail Per Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with QKL Stores and InRetail Per
The main advantage of trading using opposite QKL Stores and InRetail Per positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if QKL Stores position performs unexpectedly, InRetail Per 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 InRetail Per will offset losses from the drop in InRetail Per's long position.| QKL Stores vs. BJs Wholesale Club | QKL Stores vs. Dollar General | QKL Stores vs. Grocery Outlet Holding | QKL Stores vs. Kroger Company |
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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 CEOs Directory module to screen CEOs from public companies around the world.
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