Correlation Between Wah Fu and Loop Media
Can any of the company-specific risk be diversified away by investing in both Wah Fu and Loop Media 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 Wah Fu and Loop Media into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Wah Fu Education and Loop Media, you can compare the effects of market volatilities on Wah Fu and Loop Media 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 Wah Fu with a short position of Loop Media. Check out your portfolio center. Please also check ongoing floating volatility patterns of Wah Fu and Loop Media.
Diversification Opportunities for Wah Fu and Loop Media
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Wah and Loop is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Wah Fu Education and Loop Media in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Loop Media and Wah Fu 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 Wah Fu Education are associated (or correlated) with Loop Media. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Loop Media has no effect on the direction of Wah Fu i.e., Wah Fu and Loop Media go up and down completely randomly.
Pair Corralation between Wah Fu and Loop Media
If you would invest 144.00 in Wah Fu Education on June 9, 2025 and sell it today you would earn a total of 4.00 from holding Wah Fu Education or generate 2.78% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Wah Fu Education vs. Loop Media
Performance |
| Timeline |
| Wah Fu Education |
| Loop Media |
Risk-Adjusted Performance
Weakest
Weak | Strong |
Wah Fu and Loop Media Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Wah Fu and Loop Media
The main advantage of trading using opposite Wah Fu and Loop Media positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Wah Fu position performs unexpectedly, Loop Media 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 Loop Media will offset losses from the drop in Loop Media's long position.| Wah Fu vs. Lixiang Education Holding | Wah Fu vs. Four Seasons Education | Wah Fu vs. Jianzhi Education Technology | Wah Fu vs. Elite Education Group |
| Loop Media vs. Boston Omaha Corp | Loop Media vs. Stagwell | Loop Media vs. Mesa Air Group | Loop Media vs. Sinclair Broadcast Group |
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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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