Correlation Between SLR Investment and QKL Stores
Can any of the company-specific risk be diversified away by investing in both SLR Investment and QKL Stores 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 SLR Investment and QKL Stores into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between SLR Investment Corp and QKL Stores, you can compare the effects of market volatilities on SLR Investment and QKL Stores 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 SLR Investment with a short position of QKL Stores. Check out your portfolio center. Please also check ongoing floating volatility patterns of SLR Investment and QKL Stores.
Diversification Opportunities for SLR Investment and QKL Stores
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between SLR and QKL is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding SLR Investment Corp and QKL Stores in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on QKL Stores and SLR Investment 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 SLR Investment Corp are associated (or correlated) with QKL Stores. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of QKL Stores has no effect on the direction of SLR Investment i.e., SLR Investment and QKL Stores go up and down completely randomly.
Pair Corralation between SLR Investment and QKL Stores
If you would invest 0.01 in QKL Stores on September 7, 2025 and sell it today you would earn a total of 0.00 from holding QKL Stores or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 98.46% |
| Values | Daily Returns |
SLR Investment Corp vs. QKL Stores
Performance |
| Timeline |
| SLR Investment Corp |
| QKL Stores |
SLR Investment and QKL Stores Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SLR Investment and QKL Stores
The main advantage of trading using opposite SLR Investment and QKL Stores positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SLR Investment position performs unexpectedly, QKL Stores 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 QKL Stores will offset losses from the drop in QKL Stores' long position.| SLR Investment vs. Zoom Video Communications | SLR Investment vs. Plaza Retail REIT | SLR Investment vs. Universal Music Group | SLR Investment vs. Norwegian Air Shuttle |
| QKL Stores vs. BJs Wholesale Club | QKL Stores vs. Dollar General | QKL Stores vs. Grocery Outlet Holding | QKL Stores vs. 111 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 Global Correlations module to find global opportunities by holding instruments from different markets.
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