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Correlation Between Ford Motor and Niu Technologies

Analyzing existing cross correlation between Ford Motor Company and Niu Technologies. You can compare the effects of market volatilities on Ford Motor and Niu Technologies 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 Ford Motor with a short position of Niu Technologies. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ford Motor and Niu Technologies.

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Diversification Opportunities for Ford Motor and Niu Technologies

Ford Motor Company diversification synergy
-0.43
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Very good diversification

The 3 months correlation between Ford Motor and Niu Technologies is -0.43. Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor Company and Niu Technologies in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Niu Technologies and Ford Motor 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 Ford Motor Company are associated (or correlated) with Niu Technologies. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Niu Technologies has no effect on the direction of Ford Motor i.e. Ford Motor and Niu Technologies go up and down completely randomly.

Pair Corralation between Ford Motor and Niu Technologies

Taking into account the 30 trading days horizon, Ford Motor Company is expected to under-perform the Niu Technologies. But the stock apears to be less risky and, when comparing its historical volatility, Ford Motor Company is 1.97 times less risky than Niu Technologies. The stock trades about -0.21 of its potential returns per unit of risk. The Niu Technologies is currently generating about 0.0 of returns per unit of risk over similar time horizon. If you would invest  898.00  in Niu Technologies on January 28, 2020 and sell it today you would lose (33.00)  from holding Niu Technologies or give up 3.67% of portfolio value over 30 days.
Time Period3 Months [change]
DirectionMoves Against 
StrengthVery Weak
Accuracy87.14%
ValuesDaily Returns

Ford Motor Company  vs.  Niu Technologies

 Performance (%) 
    
  Timeline 
Ford Motor 
00

Risk-Adjusted Performance

Over the last 30 days Ford Motor Company has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of uncertain performance in the last few months, the Stock's fundamental drivers remain rather sound which may send shares a bit higher in March 2020. The ongoing tumult may also be a sign of longer-term up-swing for the firm shareholders.
Niu Technologies 
00

Risk-Adjusted Performance

Over the last 30 days Niu Technologies has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, Niu Technologies is not utilizing all of its potentials. The late stock price uproar, may contribute to short horizon losses for the leadership.

Ford Motor and Niu Technologies Volatility Contrast

 Predicted Return Density 
    
  Returns 
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