Correlation Between Sulliden Mining and Jinxin Technology
Can any of the company-specific risk be diversified away by investing in both Sulliden Mining and Jinxin Technology 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 Sulliden Mining and Jinxin Technology into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Sulliden Mining Capital and Jinxin Technology Holding, you can compare the effects of market volatilities on Sulliden Mining and Jinxin Technology 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 Sulliden Mining with a short position of Jinxin Technology. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sulliden Mining and Jinxin Technology.
Diversification Opportunities for Sulliden Mining and Jinxin Technology
-0.09 | Correlation Coefficient |
Good diversification
The 3 months correlation between Sulliden and Jinxin is -0.09. Overlapping area represents the amount of risk that can be diversified away by holding Sulliden Mining Capital and Jinxin Technology Holding in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jinxin Technology Holding and Sulliden Mining 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 Sulliden Mining Capital are associated (or correlated) with Jinxin Technology. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jinxin Technology Holding has no effect on the direction of Sulliden Mining i.e., Sulliden Mining and Jinxin Technology go up and down completely randomly.
Pair Corralation between Sulliden Mining and Jinxin Technology
If you would invest 6.00 in Sulliden Mining Capital on September 8, 2025 and sell it today you would earn a total of 0.00 from holding Sulliden Mining Capital or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 90.77% |
| Values | Daily Returns |
Sulliden Mining Capital vs. Jinxin Technology Holding
Performance |
| Timeline |
| Sulliden Mining Capital |
Risk-Adjusted Performance
Weakest
Weak | Strong |
| Jinxin Technology Holding |
Sulliden Mining and Jinxin Technology Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Sulliden Mining and Jinxin Technology
The main advantage of trading using opposite Sulliden Mining and Jinxin Technology positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Sulliden Mining position performs unexpectedly, Jinxin Technology 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 Jinxin Technology will offset losses from the drop in Jinxin Technology's long position.| Sulliden Mining vs. Element Fleet Management | Sulliden Mining vs. Sims Metal Management | Sulliden Mining vs. National Storm Management | Sulliden Mining vs. Lombard Medical |
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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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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