Correlation Between Celtic Plc and Jupai Holdings

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

By analyzing existing cross correlation between Celtic plc and Jupai Holdings Limited, you can compare the effects of market volatilities on Celtic Plc 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 Celtic Plc with a short position of Jupai Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Celtic Plc and Jupai Holdings.

Diversification Opportunities for Celtic Plc and Jupai Holdings

0.0

Correlation Coefficient

Celtic Plc  Jupai Holdings

Pay attention - limited upside

The 3 months correlation between Celtic and Jupai is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Celtic plc and Jupai Holdings Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jupai Holdings and Celtic Plc 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 Celtic plc 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 Celtic Plc i.e., Celtic Plc and Jupai Holdings go up and down completely randomly.

Pair Corralation between Celtic Plc and Jupai Holdings

If you would invest  199.00  in Celtic plc on May 5, 2025 and sell it today you would earn a total of  74.00  from holding Celtic plc or generate 37.19% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Celtic plc  vs.  Jupai Holdings Limited

Celtic plc

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Celtic plc are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak technical and fundamental indicators, Celtic Plc reported solid returns over the last few months and may actually be approaching a breakup point.

Jupai Holdings

Risk-Adjusted Performance

Very Weak

Over the last 90 days Jupai Holdings Limited has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, Jupai Holdings is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Celtic Plc and Jupai Holdings

The main advantage of trading using opposite Celtic Plc and Jupai Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Celtic Plc 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 Celtic plc and Jupai Holdings Limited 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.

Check out your portfolio center.

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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.