Correlation Between Celsius Holdings and Cheche Group

Can any of the company-specific risk be diversified away by investing in both Celsius Holdings and Cheche Group 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 Celsius Holdings and Cheche Group into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Celsius Holdings and Cheche Group Class, you can compare the effects of market volatilities on Celsius Holdings and Cheche Group 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 Celsius Holdings with a short position of Cheche Group. Check out your portfolio center. Please also check ongoing floating volatility patterns of Celsius Holdings and Cheche Group.

Diversification Opportunities for Celsius Holdings and Cheche Group

0.3

Correlation Coefficient

Celsius Holdings  Cheche Group

Weak diversification

The 3 months correlation between Celsius and Cheche is 0.3. Overlapping area represents the amount of risk that can be diversified away by holding Celsius Holdings and Cheche Group Class in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cheche Group Class and Celsius Holdings 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 Celsius Holdings are associated (or correlated) with Cheche Group. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cheche Group Class has no effect on the direction of Celsius Holdings i.e., Celsius Holdings and Cheche Group go up and down completely randomly.

Pair Corralation between Celsius Holdings and Cheche Group

Given the investment horizon of 90 days Celsius Holdings is expected to under-perform the Cheche Group. But the stock apears to be less risky and, when comparing its historical volatility, Celsius Holdings is 1.2 times less risky than Cheche Group. The stock trades about -0.08 of its potential returns per unit of risk. The Cheche Group Class is currently generating about -0.02 of returns per unit of risk over similar time horizon. If you would invest  106.00  in Cheche Group Class on September 10, 2025 and sell it today you would lose (13.00) from holding Cheche Group Class or give up 12.26% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	100.0%
Values	Daily Returns

Celsius Holdings  vs.  Cheche Group Class

Celsius Holdings

Risk-Adjusted Performance

Weakest

Over the last 90 days Celsius Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's essential indicators remain fairly strong which may send shares a bit higher in January 2026. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

Cheche Group Class

Risk-Adjusted Performance

Weakest

Over the last 90 days Cheche Group Class has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, Cheche Group is not utilizing all of its potentials. The newest stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with Celsius Holdings and Cheche Group

The main advantage of trading using opposite Celsius Holdings and Cheche Group positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Celsius Holdings position performs unexpectedly, Cheche Group 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 Cheche Group will offset losses from the drop in Cheche Group's long position.

The idea behind Celsius Holdings and Cheche Group Class 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.