Correlation Between Samsung Electronics and Boqii Holding
Can any of the company-specific risk be diversified away by investing in both Samsung Electronics and Boqii Holding 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 Samsung Electronics and Boqii Holding into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Samsung Electronics Co and Boqii Holding Limited, you can compare the effects of market volatilities on Samsung Electronics and Boqii Holding 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 Samsung Electronics with a short position of Boqii Holding. Check out your portfolio center. Please also check ongoing floating volatility patterns of Samsung Electronics and Boqii Holding.
Diversification Opportunities for Samsung Electronics and Boqii Holding
0.87 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Samsung and Boqii is 0.87. Overlapping area represents the amount of risk that can be diversified away by holding Samsung Electronics Co and Boqii Holding Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Boqii Holding Limited and Samsung Electronics 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 Samsung Electronics Co are associated (or correlated) with Boqii Holding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Boqii Holding Limited has no effect on the direction of Samsung Electronics i.e., Samsung Electronics and Boqii Holding go up and down completely randomly.
Pair Corralation between Samsung Electronics and Boqii Holding
Assuming the 90 days horizon Samsung Electronics is expected to generate 403.96 times less return on investment than Boqii Holding. But when comparing it to its historical volatility, Samsung Electronics Co is 383.32 times less risky than Boqii Holding. It trades about 0.13 of its potential returns per unit of risk. Boqii Holding Limited is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest 279.00 in Boqii Holding Limited on July 18, 2025 and sell it today you would earn a total of 621.00 from holding Boqii Holding Limited or generate 222.58% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 98.44% |
| Values | Daily Returns |
Samsung Electronics Co vs. Boqii Holding Limited
Performance |
| Timeline |
| Samsung Electronics |
| Boqii Holding Limited |
Samsung Electronics and Boqii Holding Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Samsung Electronics and Boqii Holding
The main advantage of trading using opposite Samsung Electronics and Boqii Holding positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Samsung Electronics position performs unexpectedly, Boqii Holding 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 Boqii Holding will offset losses from the drop in Boqii Holding's long position.| Samsung Electronics vs. NVIDIA | Samsung Electronics vs. Microsoft | Samsung Electronics vs. Apple Inc | Samsung Electronics vs. Alphabet Inc Class C |
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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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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