Correlation Analysis Between IQIYI and IACInterActiveCorp

This module allows you to analyze existing cross correlation between IQIYI and IACInterActiveCorp. You can compare the effects of market volatilities on IQIYI and IACInterActiveCorp 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 IQIYI with a short position of IACInterActiveCorp. See also your portfolio center. Please also check ongoing floating volatility patterns of IQIYI and IACInterActiveCorp.
Horizon     30 Days    Login   to change
Check Efficiency

Comparative Performance


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in IQIYI are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days. Inspite very unfluctuating forward-looking indicators, IQIYI is not utilizing all of its potentials. The current stock price disarray, may contribute to short term momentum losses for the insiders.

Risk-Adjusted Performance

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

IQIYI and IACInterActiveCorp Volatility Contrast

 Predicted Return Density 

IQIYI Inc  vs.  IACInterActiveCorp

 Performance (%) 

Pair Volatility

Allowing for the 30-days total investment horizon, IQIYI is expected to generate 1.49 times more return on investment than IACInterActiveCorp. However, IQIYI is 1.49 times more volatile than IACInterActiveCorp. It trades about 0.03 of its potential returns per unit of risk. IACInterActiveCorp is currently generating about -0.04 per unit of risk. If you would invest  1,932  in IQIYI on November 10, 2019 and sell it today you would earn a total of  70.00  from holding IQIYI or generate 3.62% return on investment over 30 days.

Pair Corralation between IQIYI and IACInterActiveCorp

Time Period3 Months [change]
StrengthVery Weak
ValuesDaily Returns

Diversification Opportunities for IQIYI and IACInterActiveCorp

IQIYI Inc diversification synergy

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding IQIYI Inc and IACInterActiveCorp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on IACInterActiveCorp and IQIYI 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 IQIYI are associated (or correlated) with IACInterActiveCorp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IACInterActiveCorp has no effect on the direction of IQIYI i.e. IQIYI and IACInterActiveCorp go up and down completely randomly.
See also your portfolio center. Please also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.