Correlation Between U Power and Creative Global
Can any of the company-specific risk be diversified away by investing in both U Power and Creative Global 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 U Power and Creative Global into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between U Power Limited and Creative Global Technology, you can compare the effects of market volatilities on U Power and Creative Global 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 U Power with a short position of Creative Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of U Power and Creative Global.
Diversification Opportunities for U Power and Creative Global
-0.35 | Correlation Coefficient |
Very good diversification
The 3 months correlation between UCAR and Creative is -0.35. Overlapping area represents the amount of risk that can be diversified away by holding U Power Limited and Creative Global Technology in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Creative Global Tech and U Power 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 U Power Limited are associated (or correlated) with Creative Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Creative Global Tech has no effect on the direction of U Power i.e., U Power and Creative Global go up and down completely randomly.
Pair Corralation between U Power and Creative Global
Given the investment horizon of 90 days U Power Limited is expected to under-perform the Creative Global. But the stock apears to be less risky and, when comparing its historical volatility, U Power Limited is 2.66 times less risky than Creative Global. The stock trades about -0.05 of its potential returns per unit of risk. The Creative Global Technology is currently generating about -0.02 of returns per unit of risk over similar time horizon. If you would invest 85.00 in Creative Global Technology on September 10, 2025 and sell it today you would lose (21.00) from holding Creative Global Technology or give up 24.71% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
U Power Limited vs. Creative Global Technology
Performance |
| Timeline |
| U Power Limited |
| Creative Global Tech |
U Power and Creative Global Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with U Power and Creative Global
The main advantage of trading using opposite U Power and Creative Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if U Power position performs unexpectedly, Creative Global 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 Creative Global will offset losses from the drop in Creative Global's long position.| U Power vs. Autozi Internet Technology | U Power vs. Cenntro Electric Group | U Power vs. Reborn Coffee | U Power vs. Creative Global Technology |
| Creative Global vs. iPower Inc | Creative Global vs. Yunji Inc | Creative Global vs. Reborn Coffee | Creative Global vs. U Power Limited |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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