Correlation Between Conifer Holding and Yunhong Green

Can any of the company-specific risk be diversified away by investing in both Conifer Holding and Yunhong Green 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 Conifer Holding and Yunhong Green into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Conifer Holding and Yunhong Green CTI, you can compare the effects of market volatilities on Conifer Holding and Yunhong Green 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 Conifer Holding with a short position of Yunhong Green. Check out your portfolio center. Please also check ongoing floating volatility patterns of Conifer Holding and Yunhong Green.

Diversification Opportunities for Conifer Holding and Yunhong Green

-0.43

Correlation Coefficient

Conifer Holding  Yunhong Green

Very good diversification

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

Pair Corralation between Conifer Holding and Yunhong Green

Given the investment horizon of 90 days Conifer Holding is expected to generate 0.71 times more return on investment than Yunhong Green. However, Conifer Holding is 1.4 times less risky than Yunhong Green. It trades about 0.1 of its potential returns per unit of risk. Yunhong Green CTI is currently generating about -0.08 per unit of risk. If you would invest  69.00  in Conifer Holding on May 7, 2025 and sell it today you would earn a total of  15.00  from holding Conifer Holding or generate 21.74% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	98.39%
Values	Daily Returns

Conifer Holding  vs.  Yunhong Green CTI

Conifer Holding

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Conifer Holding are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Even with relatively unfluctuating technical and fundamental indicators, Conifer Holding reported solid returns over the last few months and may actually be approaching a breakup point.

Yunhong Green CTI

Risk-Adjusted Performance

Weakest

Over the last 90 days Yunhong Green CTI has generated negative risk-adjusted returns adding no value to investors with long positions. Even with weak performance in the last few months, the Stock's technical and fundamental indicators remain relatively steady which may send shares a bit higher in September 2025. The new chaos may also be a sign of medium-term up-swing for the company stakeholders.

Pair Trading with Conifer Holding and Yunhong Green

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

The idea behind Conifer Holding and Yunhong Green CTI 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.