Correlation Analysis Between ALIBABA GROUP and PROCTER GAMBLE

Analyzing existing cross correlation between ALIBABA GROUP HLDG and PROCTER GAMBLE. You can compare the effects of market volatilities on ALIBABA GROUP and PROCTER GAMBLE 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 ALIBABA GROUP with a short position of PROCTER GAMBLE. See also your portfolio center. Please also check ongoing floating volatility patterns of ALIBABA GROUP and PROCTER GAMBLE.
Horizon     30 Days    Login   to change
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Comparative Performance

ALIBABA GROUP HLDG  
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Risk-Adjusted Performance

Over the last 30 days ALIBABA GROUP HLDG has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, ALIBABA GROUP is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
PROCTER GAMBLE  
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Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in PROCTER GAMBLE are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, PROCTER GAMBLE sustained solid returns over the last few months and may actually be approaching a breakup point.

ALIBABA GROUP and PROCTER GAMBLE Volatility Contrast

ALIBABA GROUP HLDG  vs.  PROCTER GAMBLE

 Performance (%) 
    
  Timeline 

Pair Volatility

If you would invest  178,000  in PROCTER GAMBLE on December 20, 2019 and sell it today you would earn a total of  25,250  from holding PROCTER GAMBLE or generate 14.19% return on investment over 30 days.

Pair Corralation between ALIBABA GROUP and PROCTER GAMBLE

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Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for ALIBABA GROUP and PROCTER GAMBLE

ALIBABA GROUP HLDG diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding ALIBABA GROUP HLDG and PROCTER GAMBLE in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on PROCTER GAMBLE and ALIBABA GROUP 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 ALIBABA GROUP HLDG are associated (or correlated) with PROCTER GAMBLE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of PROCTER GAMBLE has no effect on the direction of ALIBABA GROUP i.e. ALIBABA GROUP and PROCTER GAMBLE go up and down completely randomly.

PROCTER GAMBLE

Pair trading matchups for PROCTER GAMBLE

See also your portfolio center. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.