Correlation Between MAST GLOBAL and Jupai Holdings

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Can any of the company-specific risk be diversified away by investing in both MAST GLOBAL and Jupai Holdings 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 MAST GLOBAL and Jupai Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between MAST GLOBAL BATTERY and Jupai Holdings, you can compare the effects of market volatilities on MAST GLOBAL and Jupai Holdings 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 MAST GLOBAL with a short position of Jupai Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of MAST GLOBAL and Jupai Holdings.

Diversification Opportunities for MAST GLOBAL and Jupai Holdings

0.0
  Correlation Coefficient

Pay attention - limited upside

The 3 months correlation between MAST and Jupai is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding MAST GLOBAL BATTERY and Jupai Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jupai Holdings and MAST GLOBAL 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 MAST GLOBAL BATTERY are associated (or correlated) with Jupai Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jupai Holdings has no effect on the direction of MAST GLOBAL i.e., MAST GLOBAL and Jupai Holdings go up and down completely randomly.

Pair Corralation between MAST GLOBAL and Jupai Holdings

If you would invest (100.00) in Jupai Holdings on December 29, 2023 and sell it today you would earn a total of  100.00  from holding Jupai Holdings or generate -100.0% return on investment over 90 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

MAST GLOBAL BATTERY  vs.  Jupai Holdings

 Performance 
       Timeline  
MAST GLOBAL BATTERY 

Risk-Adjusted Performance

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Very Weak
Over the last 90 days MAST GLOBAL BATTERY has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, MAST GLOBAL is not utilizing all of its potentials. The current stock price fuss, may contribute to near-short-term losses for the sophisticated investors.
Jupai Holdings 

Risk-Adjusted Performance

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Low
 
High
Very Weak
Over the last 90 days Jupai Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, Jupai Holdings is not utilizing all of its potentials. The latest stock price agitation, may contribute to short-term losses for the retail investors.

MAST GLOBAL and Jupai Holdings Volatility Contrast

   Predicted Return Density   
       Returns  

Pair Trading with MAST GLOBAL and Jupai Holdings

The main advantage of trading using opposite MAST GLOBAL and Jupai Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if MAST GLOBAL position performs unexpectedly, Jupai Holdings 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 Jupai Holdings will offset losses from the drop in Jupai Holdings' long position.
The idea behind MAST GLOBAL BATTERY and Jupai Holdings pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.
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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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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