Correlation Analysis Between GLORY FLAME and CHINA RAILWAY

Analyzing existing cross correlation between GLORY FLAME and CHINA RAILWAY. You can compare the effects of market volatilities on GLORY FLAME and CHINA RAILWAY 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 GLORY FLAME with a short position of CHINA RAILWAY. See also your portfolio center. Please also check ongoing floating volatility patterns of GLORY FLAME and CHINA RAILWAY.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

GLORY FLAME  
00

Risk-Adjusted Performance

Over the last 30 days GLORY FLAME has generated negative risk-adjusted returns adding no value to investors with long positions. Regardless of fairly consistent technical and fundamental indicators, GLORY FLAME is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders.
CHINA RAILWAY  
00

Risk-Adjusted Performance

Over the last 30 days CHINA RAILWAY has generated negative risk-adjusted returns adding no value to investors with long positions. Regardless of fairly consistent technical and fundamental indicators, CHINA RAILWAY is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders.

GLORY FLAME and CHINA RAILWAY Volatility Contrast

 Predicted Return Density 
    
  Returns 

GLORY FLAME  vs.  CHINA RAILWAY

 Performance (%) 
    
  Timeline 

Pair Volatility

If you would invest  0.00  in CHINA RAILWAY on December 21, 2019 and sell it today you would earn a total of  0.00  from holding CHINA RAILWAY or generate 0.0% return on investment over 30 days.

Pair Corralation between GLORY FLAME and CHINA RAILWAY

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for GLORY FLAME and CHINA RAILWAY

GLORY FLAME diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding GLORY FLAME and CHINA RAILWAY in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on CHINA RAILWAY and GLORY FLAME 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 GLORY FLAME are associated (or correlated) with CHINA RAILWAY. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CHINA RAILWAY has no effect on the direction of GLORY FLAME i.e. GLORY FLAME and CHINA RAILWAY go up and down completely randomly.
See also your portfolio center. Please also try Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.